In a unanimous decision 15–0, the United Nations Security Council voted to increase sanctions against North Korea.
One of few profitable exports, North Korea’s textile industry will now be banned and fuel supplies capped, aimed at further isolating the Kim regime and forcing cooperation through economic pressure.
The resolution is estimated to reduce the country’s access to oil by around 30 per cent whilst also banning new work permits for North Korean workers, restricting a source of funds, which is estimated to be worth AUD $620m per year to the regime.
The Prime Minister and the Minister for Foreign Affairs, the Hon Julie Bishop MP, released a joint statement on Tuesday, saying “the Australian Government welcomes the strong new measures that were unanimously adopted by the United Nations Security Council this morning”.
