Thriving Black Market Could Mitigate North Korea Sanctions Impact

Katrina Barker
September 15, 2017

Japan is also threatened, as the hermit kingdom claims they will be "sunk into the sea by a nuclear bomb" and South Korea to be "severely punished and wiped out with fire". On August 29, North Korea launched a missile over Japan's Northern island of Hokkaido, landing 733 miles to the East.

The U.N. Security Council unanimously approved new sanctions Monday following North Korea's sixth and strongest nuclear test on september 3. Clearly, tensions between the US, its allies, and North Korea are not settling down anytime soon.

Treasury Secretary Steve Munchin suggested on Wednesday that the U.S. is willing to cut off trade "with anyone who trades with North Korea".

Moon said he believed North Korea wanted to ensure "regime stability" and to be accepted as a nuclear power state, with a seat at the negotiating table with the US.

The most recent satellite images of North Korea's nuclear site taken Friday show a greater number of surface disturbances following Pyongyang's sixth nuclear test than previous tests at Punggye-ri, US analysts say. But on September 12, two days before Pyongyang's statements, President Donald Trump noted the U.S. may take more actions beyond the recently imposed sanctions.

Take this statement from March 2016: "If the American imperialists provoke us a bit, we will not hesitate to slap them with a preemptive nuclear strike".

Juche is the North's ruling ideology that mixes Marxism and an extreme form of go-it-alone nationalism preached by state founder Kim Il Sung, the grandfather of current leader Kim Jong Un.

The United States will not give up on using diplomacy to persuade North Korea to give up its nuclear and ballistic missile programs, the State Department said Wednesday. Five days later, it carried out a sixth nuclear test, sending tensions soaring over its weapons ambitions and causing global concern. "We will use economic sanctions to bring North Korea to the table".

That helps explain why the Trump administration feels the North Korean threat is so urgent.

President Moon Jae-in on Thursday dismissed the idea of a nuclear-armed South Korea, rejecting growing public discussion of whether atomic weapons are needed to counter threats from the North.

"Regardless of whether this most recent test was an operational warhead for an ICBM or simply a device, the yield of the test clearly shows North Korean progress in increasing the yields of their nuclear weapons", the analysis said.

Seoul apparently notified Tokyo, Washington and others of its deliberations.

Other reports by AllAboutTopnews

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