Illicit evasion and a thriving black market continue to mitigate the impact of sanctions meant to deprive North Korea of billions of dollars in revenue and needed components for its nuclear program. On August 29, North Korea launched a missile over Japan's Northern island of Hokkaido, landing 733 miles to the East.
The 15-member Security Council voted unanimously in support of a US-drafted resolution condemning the missile test conducted by North Korea on September 3 and imposed measures that include a ban on its textile imports and restrictions on oil exports to the country.
"A conflict in North Korea will not only be extremely destabilizing in the region, but it could potentially lead to a third world war due to the USA security guarantee that could internationalize the conflict overnight" explained the expert from Citi during a "Street Signs" debate held in Singapore at the Milken Institute Asia Summit.
But in an interview with CNN on Thursday, South Korean President Moon Jae-in ruled out the idea: "To respond to North Korea by having our own nuclear weapons will not maintain peace on the Korean Peninsula and could lead to a nuclear arms race in northeast Asia".
North Korean leader Kim Jong Un is moving mountains with his nuclear tests.
It's unclear what exactly that extra action would be - or if Trump will choose to heighten tensions even further after these recent comments. But now it likely can.
The North claimed to have carried out a hydrogen bomb test. "We will use economic sanctions to bring North Korea to the table". Officials want to end the standoff preferably through diplomatic negotiations, where Pyongyang agrees to give up its nuclear weapons. Despite being much smaller, the country appears to be trying to antagonize its enemies, especially South Korea, China, the USA and Japan.
This yield is close to what 38 North previously estimated to be the maximum containable yield for the test site in Punggye-ri, northeastern North Korea, it added. Pyongyang is already pointing thousands of pieces of artillery at Seoul, South Korea's capital - with a whopping 25.6 million residents living in the greater metropolitan area.
The Chinese say they are implementing sanctions along the border, but they have not been forthcoming in issuing clear restrictions to trading companies, or in reporting how required inspections of all goods crossing the North Korean border are being implemented.
Seoul apparently notified Tokyo, Washington and others of its deliberations.
Terror attacks take 50 lives in Southern Iraq, many more wounded
Jassem al-Khalidi, a senior health official, told the TV channel that more than 87 people had sustained injuries in the attacks. The governor of Iraq's southern Thi Qar province, where Nassiriya is located, said the death toll was 45.
- Apple Just Made A Big Change to iTunes
- Tottenham boss Pochettino: Kane as good as Batistuta
- 'Calm' Chelsea boss Antonio Conte set to rotate for Champions Leaguetilt
- Here's how analysts see Aviva plc (LON:AV) after this past week
- NKorea rejects United Nations sanctions, says USA will suffer
- Cassidy, Graham unveil long-shot Obamacare replacement bill
- Amber Tamblyn, Armie Hammer slam James Woods for age gap double standard
- Chubb selects France as post-Brexit EU headquarters
- Nintendo will continue to ship SNES Classic Edition consoles into 2018
- KBTX will air Hand in Hand benefit concert Tuesday at 7 pm