North Korea threatens 'thousands-fold' revenge on USA over sanctions

Randolph Lopez
August 8, 2017

"We hope higher imports from the USA will help ease pressure on this issue. and the trend should continue", Pimchanok Vonkhorporn, head of the commerce ministry's trade policy and strategy office, told Reuters on Monday. "This is the most stringent set of sanctions on any country in a generation".

It also prohibits countries from increasing the current numbers of North Korean labourers working overseas, bans new joint ventures any any new investment in current joint ventures.

However, signalling that differences remained between the world powers on how to handle the North, Mr Wang on Sunday reiterated China's position that sanctions alone would not solve the problem and called again for the United States to talk to the North.

Bans were placed on new joint ventures as well as new investment in existing joint ventures with The North.

The sanctions aim to cut North Korea's estimated $3 billion (£2.3 billion) in annual exports by a third and all countries are now banned from importing North Korean coal, iron, lead and seafood products.

Asian nations, including North Korea, are planning to attend the Regional Forum of security issues on Monday. And so one of the items that China has been encouraging the bring to the table are these joint-military exercises. "Very big financial impact!"

The North Korea stand-off is expected to dominate Monday's ASEAN Regional Forum, where 27 foreign ministers - including those of Russian Federation, the United States, China, and North and South Korea have gathered in the Philippines to discuss security issues.

Tillerson also discussed the need to ramp up global pressure on North Korea to force it to abandon its nuclear weapons programmes in meetings with Australia, Japan and South Korea. And China has really been pushing for this idea of a freeze-for-freeze, essentially that North Korea should freeze its nuclear development in exchange for the US and South Korea freezing its joint-military exercises.

Ri did not respond publicly.

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Trump "appreciates China's and Russia's cooperation in securing passage" of the resolution, the White House said in a later statement.

However, the top United States diplomat said it was not a matter of stopping the launches by "a specific number of days or weeks".

Thornton says the USA wants to ensure that with the new sanctions, there's "not this kind of episodic back and forth that we've seen".

He went on to encourage the United States and South Korea not to increase the tension.

Wang said the two had an intensive conversation during which China urged North Korea to maintain calm.

North Korea has long accused the United States and South Korea of escalating tensions by conducting military drills.

"US President Donald Trump hailed the vote in a Twitter message on Saturday evening".

Pyongyang recently test-fired two intercontinental ballistic missiles, which analysts say was capable of reaching mainland United States.

Other reports by GlobalViralNews

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