DPRK rejects new UNSC resolution

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Both sanctions against North Korea's nuclear and missile programmes and resumption of the six-party talks are important and neither should be neglected, Chinese Foreign Minister Wang Yi said on Sunday.

Wang made the remarks here on the sidelines of a series of foreign ministers' meetings, in response to a question regarding the new UN Security Council resolution over the DPRK's test launch of intercontinental ballistic missiles in July.

The "double suspension" strategy calls on North Korea to end its nuclear and missile tests, while South Korea and the United Nations are supposed to end their joint military drills to ease tensions on the Korean peninsula.

What is needed is for all parties involved to come back to the negotiation table to hammer out a deal that can finally bring peace and stability to the potentially volatile region.

Given what has happened in the previous talks involving the DPRK, the Republic of Korea, the United States, Japan, China and Russian Federation, it would be naive to expect the talks once restarted to achieve anything substantial in a short period of time. The text also spells out other restrictions like precisely targeted measures against the individuals and manufacturers linked to the DPRK nuclear and missile programs.

United Nations resolution 2371, with the expected condemnation "in the strongest terms", bans coal and other exports from the DPRK totaling upwards of $1 billion, as well as new joint ventures with the DPRK and additional foreign investment in existing ones.

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Banning these exports will prevent Pyongyang from earning over $1 billion per year of hard currency that would be redirected to its illicit programs, according to the resolution.

"This U.N. sanctions resolution, to all intents and purposes, is an outcome of diabolical attempts of the U.S.to isolate and stifle the DPRK, which constitutes a flagrant infringement upon its sovereignty and an open challenge to it", said the statement of the DPRK government, carried by the Korean Central News Agency.

In a resolution adopted unanimously, the 15-member body strongly condemned the DPRK's ballistic missile launches on 3 July and 28 July, which the country has stated were of "intercontinental" range. Additional sanctions target the DPRK's arms smuggling, joint ventures with foreign companies, banks, and other sources of revenue.

"This resolution is the single largest economic sanctions package ever leveled against the North Korean regime".

"This is the most stringent set of sanctions on any country in a generation", said Haley.

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