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Armenia joins EU sanctions against North Korea

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  • Armenia joins EU sanctions against North Korea

    Armenia joins EU sanctions against North Korea

    NEWS.AM
    March 08, 2013 | 19:48


    Armenia, Moldova and other neighbors of the EU member states have
    joined the Union's sanctions against North Korea.

    `The European Union takes note of this commitment and welcomes it,'
    Representative of the Union for Foreign Affairs and Security Policy
    Catherine Ashton said in a statement.

    Croatia, Macedonia, Montenegro, Iceland and Serbia have joined the
    sanctions against the Democratic People's Republic of Korea (DPRK).

    The Decision adopts additional EU autonomous measures prohibiting
    trade in gold, precious metals and diamonds and the delivery of new
    DPRK denominated banknotes and coinage to the Central Bank. In
    addition, the Decision outlaws the sale or purchase of DPRK bonds and
    the opening of new branches, subsidiaries, or representative offices
    of DPRK banks in the EU. Furthermore, EU Member States financial
    institutions are not permitted to open offices and subsidiaries in the
    DPRK.

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