Peru expels North Korea ambassador over nuclear test blast

Share
Peru expels North Korea ambassador over nuclear test blast

"Today we are saying the world will never accept a nuclear armed North Korea", Haley said.

So for instance, while the USA wanted a total oil embargo, this resolution calls for a cap on oil exports to North Korea, cutting it, Haley says, by about 30 percent.

North Korea says it will make the United States pay a heavy price if a proposal Washington is backing to impose the toughest sanctions ever on Pyongyang is approved by the U.N. Security Council this week.

The Nuclear Safety and Security Commission said its land-based xenon detector in the northeastern part of the country found traces of xenon-133 isotope on nine occasions, while its mobile equipment off the country's east coast detected traces of the isotope four times.

The spike in activity began soon after the USA said it planned to ratchet up sanctions against North Korea. On 14 May 2017, North Korea tested what it said was a "newly developed ballistic rocket" capable of carrying a large nuclear warhead.

The resolution instead bans trade in textiles, cuts off natural gas shipments to North Korea, places a ceiling on deliveries of refined oil products and caps crude oil shipments at current levels.

Noting that oil is the lifeblood of North Korea's effort to build and deliver a nuclear weapon, Haley said the resolution reduces nearly 30 per cent of oil provided to North Korea by cutting off over 55 per cent of its gas, diesel, and heavy fuel oil.

There are a few things that made it through the negotiating process - for instance, a ban on textile exports from North Korea, for instance.

She added: "The North Korean regime has not yet passed the point of no return". And there's also a ban on new work permits for North Korean workers.

Rycroft called the resolution "a very significant set of additional sanctions", declaring that "we are tightening the screw, and we stand prepared to tighten it further". South Korea has detected moves that indicate it may soon launch another intercontinental ballistic missile.

Ms Haley last week dismissed this proposal as "insulting".

The U.N. Security Council is stepping up the pressure on North Korea. But they are concerned about the nuclear and missile tests.

China's United Nations ambassador, Liu Jieyi, called for a resumption of negotiations "sooner rather than later".

"It's hard to overstate just how devastating a conflict on the Korean peninsula would be", said Representative Eliot Engel, the committee's top Democrat.

That would amount to a 10 per cent cut in oil products, according to the US Energy Information Administration, which estimates annual exports to North Korea at almost 2.2 million barrels. Russian Federation and China have also expressed concern about the humanitarian impact of strengthening sanctions on North Korea.

Share

Advertisement

Related Posts

Meritor, Inc. (MTOR) Coverage Initiated at Buckingham Research
The analysts estimated EPS for the higher end at 0.52 and lower end at 0.39 while the year ago reported earnings per share was 0. Following the sale, the senior vice president now owns 30,000 shares of the company's stock, valued at approximately $576,900.

First Midwest Bank Trust Division Has $2425000 Stake in Medtronic PLC (MDT)
The firm had revenue of $7.39 billion during the quarter, compared to the consensus estimate of $7.44 billion. Anderson acquired 5,600 shares of the firm's stock in a transaction that occurred on Wednesday, June 21st.

VTU Offers Exit Scheme for Students with Backlogs
Similarly, if there are back log subject in the second year, students will not be allowed to enter the fourth year. The engineering academic system is purely based on semester wise system and has nothing to do with categorization.

How Many Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX)'s Analysts Are Bullish?
Vertex Pharmaceuticals Incorporated's insider ownership stands at 0.5 percent, while its insider transaction is -52.22 percent. Equities analysts forecast that Vertex Pharmaceuticals Incorporated will post $1.60 earnings per share for the current year.

Deutsche X-trackers MSCI Euro Hi Dv Yld Hdg Eq ETF (HDEZ) Rank Correlation Gaining Momentum
Traders may also be paying close attention to RSI levels on shares of Deutsche X-trackers MSCI EAFE Hi Dv Yld Hdg Eq ETF (HDEF). The Average Directional Index or ADX is technical analysis indicator used to discern if a market is trending or not trending.

Commerzbank Aktiengesellschaft FI Has $966000 Position in Banco Bradesco SA (BBD)
It is positive, as 31 investors sold WST shares while 97 reduced holdings. 97 funds opened positions while 223 raised stakes. Over the last three months, the shares of the company have changed 33.00% and performed 22.41% over the last six months.

Mercedes-Benz Concept EQA
Maximum range is estimated at 400 km (249 miles) while charging is a matter of options: induction or wallbox. Inductive charging and wall box units for homes would also be available should the EQA see production.

Irma weakens, but remains lethal as it sweeps past Florida
Her building manager told her about flooding there, but further updates were hard to come by because of limited phone service. Florida Power & Light, the state's major electricity provider, says it has almost 20,000 workers deployed around the state.

Marcelo extends Real Madrid contract to 2022
Madrid is seventh in the league standings after three matches, four points behind leaders Barcelona and Real Sociedad. Real Madrid fullback Marcelo has agreed to a five-year contract renewal with the European champions.

Moon Discusses N. Korea Issue with Leaders of France, Australia
President Moon Jae-in said Monday he aims to realize "income-led" economic growth that spreads its benefits across all sectors. He also promised to actively cooperate in ongoing discussions at the UN Security Council to punish the North.

© 2015 ExpressNewsline. All Rights reserved.