United States said to water down North Korea sanctions draft before UN vote

United States said to water down North Korea sanctions draft before UN vote

The US and its allies have been calling for stern measures against North Korea since the September 3 nuclear test.

On Monday, the U.S. circulated a draft resolution that called for a full ban on exports of oil to North Korea and an asset freeze on leader Kim Jong Un, the Worker's Party and the government of North Korea.

The US has accused North Korea of "begging for war" and repeatedly urged China to step up pressure against its neighbor.

The five permanent members of the U.N. Security Council and Germany conducted long-running talks with Iran that led to a 2015 deal for global sanctions to be lifted in exchange for Tehran curbing its nuclear activities.

Security Council diplomats, who weren't authorised to speak publicly because talks have been private, said the USA and China were still negotiating the text late Sunday.

Russian President Vladimir Putin has said North Koreans would "eat grass" rather than give up nuclear weapons, while China is wary about cutting off Kim's economic lifeline to the point it risks collapsing his regime.

"I could also imagine such a format to settle the North Korea conflict", she said.

Here's What The Same-Sex Marriage Survey Looks Like
But the government refuses to release a draft bill until after the survey decides whether the Parliament will consider any bill. The bill will have a sunset provision, lasting only for the period of the postal survey.

Several diplomats said the United States demand for a speedy council vote was aimed at putting maximum pressure on China and reflected Washington's escalating concern over North Korea's latest nuclear test, which its leaders touted as a hydrogen bomb, and its recent ballistic missile launch over Japan. U.S. secretary of state Rex Tillerson has called on the worldwide community to suspend the flow of North Korean guest workers, who earn between $1.5 billion and $2.3 billion a year-much of which is sent back to the regime. China is North Korea's main ally and by far its biggest trading partner, including for oil shipments.

It would ban all textile exports and prohibit all countries from authorizing new work permits for North Korean workers - two key sources of hard currency.

The revised draft resolution drops the proposed oil embargo and instead caps shipments of refined petroleum products at 2 million barrels a year while limiting crude oil exports to North Korea to current levels, the diplomat said.

The original USA draft would also have frozen the assets of North Korea's state-owned airline Air Koryo, the Korean People's Army and five other powerful military and party entities.

Over the weekend, leaders in Germany and France waded into the escalating crisis.

It also adds language underscoring the Security Council's commitment to North Korea's sovereignty and territorial integrity, to "a peaceful and diplomatic solution to the situation", and "its concern that developments on the Korean Peninsula could have risky, large-scale regional security implications".

It retains language on the council's "determination to take further significant measures" in the event of a new nuclear test or ballistic missile launch.

Related:

  • North Korea hit by new United Nations sanctions

    He added that sanctions, diplomacy and information must be fully utilized to address this direct threat to the US and its allies. North Korea warned on Monday of retaliation if the United Nations approves the U.S. proposal for harsher sanctions.
    Whiting Petroleum Corporation (WLL) Rating Lowered to Strong Sell at ValuEngine

    Whiting Petroleum Corporation (WLL) Rating Lowered to Strong Sell at ValuEngine

    WLL's SI was 77.27M shares in September as released by FINRA. 327,000 shares were sold by Sandberg Sheryl, worth $45.54 million. The stock of Whiting Petroleum Corp (NYSE: WLL ) has "Market Perform" rating given on Friday, December 16 by Wells Fargo.

    Analyst Stock Ratings: Boston Scientific Corporation (BSX), Square, Inc. (SQ)

    It is negative, as 45 investors sold BKD shares while 73 reduced holdings. 52 funds opened positions while 296 raised stakes. Jefferies Group LLC reiterated a "hold" rating on shares of Boston Scientific Corporation in a research note on Thursday.
  • Hurricane Irma Downgraded to Category Two Storm

    Hurricane Irma Downgraded to Category Two Storm

    On Sunday afternoon, Florida Power and Light reported that almost 75 percent of customers were without power in Miami-Dade County. Florida's coastal and southern areas have been evacuated since last week with a record 6.3 million people leaving their homes .
    Cassini makes 'goodbye kiss' flyby of Titan

    Cassini makes 'goodbye kiss' flyby of Titan

    The end is nigh for NASA's Cassini spacecraft, the intrepid probe that's been studying the Saturn system for the last 13 years . Cassini has been in a long-term relationship with Titan, with a new rendezvous almost every month for more than a decade.

    Lumpkins Purchases 7000 Shares of Mosaic Company (The) (NYSE:MOS) Stock

    Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Mosaic Company (The ) by 1.1% during the 1st quarter. Of those analysts, no rate stock as a Strong Buy, 11 rate it as Hold, and just 1 analyst rates it as a Moderate Sell.
  • Starwood Property Trust (NYSE:STWD) Receiving Somewhat Positive News Coverage, Accern Reports

    BNCL's SI was 1.25M shares in September as released by FINRA. 43,856 were accumulated by Ngam Advsr Ltd Partnership. The New Jersey-based Krasney Financial Ltd Company has invested 1.17% in Starwood Property Trust, Inc. (NYSE:STWD).
    Governor Rick Scott Takes an Aerial Tour Over Florida's West Coast

    Governor Rick Scott Takes an Aerial Tour Over Florida's West Coast

    Federal Emergency Management Agency chief Brock Long said Hurricane Irma is going to pose challenges for first responders. But those few miles meant St Petersburg could get a direct hit, rather than its more populous twin across Tampa Bay.
    Katia makes landfall on Mexico's Gulf coast, weakens to tropical storm

    Katia makes landfall on Mexico's Gulf coast, weakens to tropical storm

    Hurricane Irma , one of the most powerful Atlantic storms in a century, made landfall in Cuba on Friday as a Category 5 storm. Though it's unusual for three hurricanes to be active in the Atlantic basin at the same time, it's not without precedent.
  • Rice Midstream Partners LP Comm (NYSE:RMP) Trading Volume Significantly Higher

    BlackRock Group LTD owned approximately 0.08% of Rice Energy worth $3,069,000 as of its most recent filing with the SEC. As of quarter end Taylor Wealth Management Partners had sold a total of 3,925 shares trimming its holdings by 2.1%.
    Turkey's growth rate hits 5.1 percent in second quarter

    Turkey's growth rate hits 5.1 percent in second quarter

    Shortly after the official statistics was released, the Turkish lira rebounded against the USA dollar on Monday morning. The exchange rate stood at 3.4010 by 5 p.m. local time (1400GMT) Monday, compared with 3.4080 at Friday's close.
    Hurricane-force winds expected across Tampa Bay; warnings in effect

    Hurricane-force winds expected across Tampa Bay; warnings in effect

    Cheetahs, horses and sloths have been evacuated ahead of the storm, and some of the animals were taken to a Key West Jail. Expected to be even more risky than the powerful winds are the storm surges that threaten Florida's coastal cities.

Comments

Latest news

Irma Moves Closer Tonight - Wind & Rain Pick Up
So was a portion of coastal SC from the Georgia line to Edisto Beach, about 40 miles (65 kilometers) southwest of Charleston. The figure represents nearly 60% of the state's electricity users, who were still experiencing power outage as of 9 p.m.

Hurricane Katia makes landfall in eastern Mexico
As Florida prepares for Hurricane Irma , Tropical Storm Jose has formed in the Atlantic Ocean and is forecasted to strengthen. So far this year, there have been five tropical storms and six hurricanes, including Irma , Jose and Katia.

Sunday weather: Cloudy morning, then sunny, with highs in the 80s
It will be mostly sunny Friday , Saturday and Sunday , although there's a small chance of showers on Saturday and Sunday . It will continue to be breezy with winds out of the east and northeast with gusts up to 30 miles per hour .

Tropical Storm Jose forms over open Atlantic
Mexican President Enrique Peña Nieto announced on Twitter that he had begun to coordinate emergency preparedness . The damage potential with Irma ultimately could be from "disastrous to catastrophic", depending on its final path.

Hurricane Irma Causes Airline Issues in the Caribbean and South Florida
Similarly, there are nine arriving flights from either Miami or Fort Lauderdale that have been canceled at JAX through Saturday. About 50 passengers who were unable to leave South Florida prior Hurricane Irma stayed at the airport as the storm passed.

Irma Aftermath: When Can People Return To Miami?
Residents are allowed re-access first, then business owners, employees, and contractors, however, they are required to present identification which proves their Miami Beach residence.

Officials' Tough Talk On North Korea Doesn't Necessarily Mean War
We'll see what happens", Trump said when asked if he was still considering military action. Chinese Ambassador Liu Jieyi again called for talks "sooner rather than later".

Airlines brace themselves, passengers for Hurricane Irma
Thursday morning as it moved away from the northern coast of Puerto Rico and over the Dominican Republic and Haiti. At the time of publishing, the forecast for Hurricane Irma shows it heading toward the west coast of Florida .

Toshiba might score a windfall from its memory chip sale
Toshiba has been desperate to sell its chip unit and cover billions of liabilities at its U.S. nuclear unit Westinghouse. Apple is also said to be involved in another would-be buyer for TMC, a consortium led by contract manufacturer Foxconn.

1,64000 Myanmar refugees have entered Bangladesh
Former U.S. diplomat Clapp says the complexity of the situation merits a more nuanced reaction from the worldwide community. He said the number of internally displaced persons - those who have left their homes but not left Myanmar - is unknown.

Pope primed to take Burnley chance
We fought well and created chances, didn't give anything away and controlled the game . De Boer's reign is the shortest in the top flight during the Premier League era.

Central Florida, Maryland's next football opponent, calls off second straight game
The Yellow Jackets next play at home against Pitt on September 23 in what will be their first ACC game. Instead of football, Spectrum Stadium and the area near it will be used to help aid recovery efforts.

Tropical Storm Irma could bring strong winds, heavy rain to Alabama today
Florida Governor Rick Scott delivered a strong warning Saturday morning as Hurricane Irma threatens parts of the Sunshine State. Irma as of about noon Saturday was near the north coast of Cuba and 175 miles southeast of Key West with winds of 125 mph.

China finds no radiation issues after North Korea bomb test
North Korea's Foreign Ministry said in a statement published on state media that if the USA "does rig up the illegal and unlawful 'resolution, '" it would respond in kind.

RMD Sad Over Arsenal Absence, Tips Madrid To Retain Champions League Title
The Champions League opener is available in most nations through the rights holders' online platform, if they have one. Qarabag is the first Azerbaijani team to reach this stage and its reward is one of the most competitive groups .

Other news