EU consolidates North Korea measures in new regulation

The Council of the European Union has published Regulation 2017/1509, which brings together all existing restrictions on trade with North Korea.

The preamble to the regulation notes that while Decision 2016/849 reflected the various UN resolutions concerning sanctions against North Korea, further measures had been taken involving various industry sectors including transportation, financial services and ‘the diplomatic sphere,’ and ‘…furthermore, the Council has adopted several additional EU restrictive measures that complement and reinforce the UN-based restrictive measures.’

In light of these, and the number of amendments made to Regulation 329/2007, which also concerns North Korea, ‘it is appropriate to consolidate all measures into a new regulation which repeals and replaces Regulation (EC) No 329/2007.’

The new regulation, which is at
http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2017.224.01.0001.01.ENG&toc=OJ:L:2017:224:TOC
…should be regarded as embodying the definitive restrictions on North Korea.