👀 Ones to watch: The MOST undervalued shares to buy right nowSee Undervalued Shares

EU leaders to call for end to North Korea's weapons programme - draft

Published 18/10/2017, 20:50
© Reuters. FILE PHOTO - A North Korean flag flies on a mast at the Permanent Mission of North Korea in Geneva

BRUSSELS (Reuters) - European Union leaders will demand on Thursday that North Korea end its nuclear and ballistic weapons programme, according to the draft final statement of an EU summit.

The statement, to be delivered after a discussion among leaders on Thursday evening, will follow the latest EU sanctions agreed on Monday by foreign ministers, which go beyond United Nations measures.

Leaders will tell Pyongyang "to abandon its nuclear and ballistic missile programs in a complete, verifiable and irreversible manner", the draft said.

Leaders will also say they are ready to consider further measures, without specifying what they might be. Diplomats said they could include sanctions on non-EU countries still doing business with Pyongyang.

Among other steps, the European Union has now banned the sale of oil and oil products to North Korea, although that is largely symbolic, aimed at encouraging countries that have more significant levels of trade with the country to follow suit.

China and Russia have resisted an outright ban on crude exports.

© Reuters. FILE PHOTO - A North Korean flag flies on a mast at the Permanent Mission of North Korea in Geneva

The EU has imposed a blanket ban on doing business with North Korea.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.