The United Nations Security Council is scheduled to vote Saturday afternoon on punitive sanctions against North Korea in response to Pyongyang's two tests of intercontinental ballistic missile (ICBM) technology that could potentially execute a nuclear strike on the U.S. mainland. If approved, the sanctions package will cut North Korean export incomes — currently about $3 billion annually — by one third.
The sanctions target North Korean exports of commodities including coal, iron, iron ore, lead, lead ore, and seafood. The measure would "also prohibit countries from increasing the current numbers of North Korean laborers working abroad, ban new joint ventures with North Korea and any new investment in current joint ventures," Reuters reports.
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