The European Council (the “Council”) has adopted conclusions relating to the Democratic People’s Republic of Korea (the “DPRK”). Therein, the Council expresses concern about the regime’s activities to raise hard currency to fund its nuclear and ballistic missile programmes. While the Council notes that EU sanctions against the DPRK are amongst the most restrictive, it states that it will consider further appropriate responses in consultation with key partners and in line with UN Security Council…

On 6 April 2017, in response to the continued violation of UN resolutions and the threat to international peace and security, the European Council adopted additional sanctions against the Democratic People’s Republic of Korea’s (“DPRK” or “North Korea“). Our previous blog posts on the sanctions against DPRK are available here and here. Under these new measures, the existing ban on investment in North Korea has been expanded to cover three new sectors, namely, (i) the…

The EU has updated its sanctions in respect of the Democratic People’s Republic of Korea (“DPRK”) in order to implement recent changes to UN sanctions on DPRK (as discussed in our recent blog post available here). The update identifies a list of additional goods to which the prohibitions on the transfer, procurement and provision of technical assistance apply (the “Sensitive Goods List”). The Sensitive Goods List is split into both (1) Nuclear- and/or Missile-usable Items…