North Korea announced the severance of economic relations with South Korea – RBC

security guard at the customs point of South Korea

Photo: REUTERS 2016

Pyongyang announced the severance of all cross-border economic cooperation agreements with South Korea. The decision was made in response to the recent sanctions imposed against North Korea Seoul

North Korea declared null and void all cross-border economic cooperation agreement signed with South Korea, according to Yonhap agency.

«With this point, we consider all the agreements between the two Koreas on economic cooperation and exchanges invalid “, – quotes agency the message of the DPRK Committee for the peaceful Reunification of

in addition, North Korea announced the sale of all assets of South Korean companies in North Korea <.. / p>

Their actions Pyongyang explained the introduction of a new package of economic sanctions on the part of Seoul. South Korea has added a “black list” of individuals and entities whose accounts will be frozen and for which prohibited conduct financial transactions. The list includes individuals and organizations that, according to the South Korean authorities to be involved in the development of weapons of mass destruction.

South Korea also banned ships to enter their ports for 180 days after the visit to the DPRK ports. Seoul has strengthened inspection of imported goods, which could be produced in North Korea. Citizens of countries recommended to refrain from visiting restaurants and other establishments that are contained DPRK citizens in third countries.

2 March the UN Security Council unanimously adopted a package of sanctions against North Korea, which the media described as the toughest in the last 20 years. Limitations include the mandatory inspection of cargo heading to North Korea or from the ban on the sale and transfer of small arms and light weapons, as well as the expulsion of diplomats who are involved in “illegal activities».

The introduction of international sanctions connected with testing and start-ups that North Korea conducted in recent months. In January 2016, the DPRK announced the successful test of a hydrogen bomb. Pyongyang stressed that the country will not use nuclear weapons, if not broken his sovereignty. A month later, North Korea and reported on the successful launch of the rocket, which orbited Kwangmyongsong 4 satellite ( “Bright Star-4″), designed to monitor the Earth. North Korea’s actions have criticized almost all countries, including Russia.