EU To Ban Business Ties With Pyongyang Over Nuclear Tests

www.oann.com | 8/10/2016 | Staff
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North Korean leader Kim Jong-Un inspects the January 18 General Machine Plant in Pyongyang, North Korea in this undated photo released by North Korea's Korean Central News Agency (KCNA) on August 10, 2016. KCNA/via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. NO THIRD PARTY SALES. SOUTH KOREA OUT. NO COMMERCIAL OR EDITORIAL SALES IN SOUTH KOREA.

BRUSSELS (Reuters) – The European Union is set to agree on Monday to ban business ties with North Korea, part of a new package of sanctions to isolate Pyongyang over its nuclear and missile programs.

Impact - Moves - Brussels - Oil - Embargo

The practical impact of the moves is likely to be mostly symbolic: Brussels will impose an oil embargo and a ban on EU investment, but it sells no crude to North Korea and European companies have no substantial investments there.

North Korean workers in the EU, of which Brussels estimates there are about 400 mainly in Poland, will face a lower limit on the amount for money they can send home and their work visas will not be renewed once they expire.

Measures - EU - Ministers - Luxembourg - Round

The measures to be agreed by EU foreign ministers in Luxembourg go further than the latest round of multi-lateral sanctions imposed by the United Nations Security Council.

“The North Koreans appear to be uninterested in having the EU get involved as a peace mediator,” said an...
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