EU proposes sanctions against North Korea for supplying Russia with missiles and ammunition – Bloomberg

The European Union proposed sanctions against North Korea for providing Russia with missiles that it uses against Ukraine.

About this informs Bloomberg with reference to the documents.

The bloc proposed including North Korea’s defense minister and the General Missile Bureau, the government body that oversees the nation’s ballistic missile program, on the sanctions list.

The document indicates that “ballistic missiles developed and produced” by North Korea were used against Ukraine by the Russian armed forces. North Korea also provided Russia with hundreds of thousands of artillery ammunition.

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Thanks to this support, as well as Moscow’s ability to supply banned spare parts through third countries, Russia has been able to increase its ammunition production significantly more than Ukraine receives from its allies.

The effect of potential measures against North Korea, which include travel bans and asset freezes, are likely to be largely symbolic. The proposed sanctions, which require the support of all member states and are subject to change by then, include a list of dozens of individuals and organizations involved in the production and supply of weapons, as well as the components and machinery needed to make them. These measures also affect several Russian officials.

The bloc also proposed export restrictions for companies in China and India for the first time because of their alleged role in supplying Russia with banned technology and electronics, the agency reported earlier.

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The EU aims to approve a package of sanctions, which would be its 13th since Russia invaded Ukraine, by the second anniversary of the war later this month.

Economic truth