PM welcomes United Nations sanctions resolution on NK even though watered down

German Chancellor Angela Merkel in Berlin | John MacDougall  AFP via Getty Images

German Chancellor Angela Merkel in Berlin | John MacDougall AFP via Getty Images

Sustaining a tough tone in the face of North Korea's missile and nuclear weapons tests, Trump indicated that he would continue to press for sanctions created to make the regime recalculate its strategy.

The Security Council unanimously slapped a ban on textile exports and restricted shipments of oil products to punish Pyongyang for its sixth and largest nuclear test.

South Korea's opposition Bareun Party lawmaker Ha TaeKyung, who has followed North Korean hacking attempts, said it had apparently stolen more than 90 billion won (USD 80 million) from South Korea through hacking attacks in the four years to June, including cyber-attacks on ATMs.

Earlier, North Korea said it would not accept any chastisement over its weapons development, which it says is vital to stave off the threat of an American invasion.

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Xenon is a naturally occurring, colourless gas that is used in manufacturing of some sorts of lights. He focused in particular on how it masks exports of coal that were banned in August after North Korea tested two intercontinental ballistic missiles. In June, the United States designated the Bank of Dandong, a regional Chinese bank, as a "primary money laundering concern" over its alleged help to North Korea in accessing the United States and worldwide financial systems. The hackers have also been tied by other security firms to last year's attack on Samsung Electronics Co.'s corporate messenger app and, most prominently, the breach of Sony Corp.'s film studio, which the Federal Bureau of Investigation blamed on North Korea.

She added: "The North Korean regime has not yet passed the point of no return". But it only caps Pyongyang's imports of crude oil at the level of the last 12 months, and it limits the import of refined petroleum products to 2 million barrels a year.

"North Korea has set its sights on the so-called next generation financial markets, including virtual currencies, pin-tech and blockchains", he told journalists last week.

Haley said these are by far the strongest measures ever imposed on North Korea. Haley has dismissed it as insulting. It said the USA would pay a heavy price if the sanctions proposed by Washington are adopted.

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China's United Nations ambassador, Liu Jieyi, said Beijing has been making "unremitting efforts" to denuclearize and maintain peace and stability on the Korean Peninsula. The same factors that have driven their success-lack of state control and secretiveness-would make them useful fund raising and money laundering tools for a man threatening to use nuclear weapons against the US.

China's United Nations ambassador, Liu Jieyi, called for a resumption of negotiations "sooner rather than later".

Intelligence agencies and cybersecurity experts have also linked North Korea to WannaCry, the biggest cyberattack the world has ever seen.

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