In a rare occurrence, the United Nations Security Council found agreement on sanctions against North Korea, but the threat of war remains elevated.
The sanctions resolution was drafted by the United States and bans the following North Korean exports:
- Iron Ore
- Lead Ore
Additionally, the sanctions ban countries from hiring any more North Korean labourers, bans any new joint ventures with the North, and blocks new investment in joint ventures agreed to prior to the sanctions.
It is estimated that the sanctions could cut North Korea’s annual export revenue from $3 billion to $2 billion.
Despite the sanctions being passed, there is still no progress on ending the threat from North Korean ICBM’s.
“We should not fool ourselves into thinking we have solved the problem. Not even close. The North Korean threat has not left us, it is rapidly growing more dangerous,” said U.S. Ambassador to the United Nations Nikki Haley.
“Further action is required. The United States is taking and will continue to take prudent defensive measures to protect ourselves and our allies,” Haley added.
U.S. President Donald Trump tweeted about the successful sanctions resolution:
United Nations Resolution is the single largest economic sanctions package ever on North Korea. Over one billion dollars in cost to N.K.
— Donald J. Trump (@realDonaldTrump) August 5, 2017
Threat of war?
Despite agreement on sanctions, there is no evidence that the threat of war is receding.
The United States has made clear that they won’t accept North Korea getting to the point where they can reach the U.S. with a nuclear armed missile.
However, recent missile tests show North Korea has missiles capable of reaching North America – putting Canada in considerable danger as well.
All North Korea has to do is show the capability of putting a nuclear weapon in a long-range ICBM, and the United States will face a decision between taking action or losing credibility.
With North Korea showing no sign of stopping their march to an ICBM, China showing either no willingness or ability to rein in the North, and the United States saying they won’t allow North Korea to be a nuclear threat, the threat of war is growing closer.