North Korea

Sanctions were imposed against North Korea by the United Nations in response to the regime's nuclear weapons development programme.

EU Sanctions

Council Regulation (EC) No 329/2007 of 27 March 2007 (as subsequently amended) implemented restrictive measures within the European Union; these were extended and expanded by Council Regulation (EU) No 296/2013.

The EU sanctions target the regime as a whole and specific individuals, and include an arms embargo, a ban on the export of dual use goods to North Korea, a ban on exports of luxury goods to North Korea, a ban on the export of gold, precious metals, diamonds and newly printed or minted or unissued North Korean bank notes and coinage, a ban on new involvement with the North Korean banking system, including the participation in joint ventures with North Korean banks, an asset freeze and a travel ban.

Key areas:

  • Arms embargo
  • Dual use goods embargo
  • Ban on exports of luxury goods
  • Gold, precious metals and diamonds
  • Bank notes and coinage
  • Involvement with the North Korean banking system
  • Asset freeze
  • Travel ban

Useful links

General