North Korea

Sanctions were imposed against North Korea by the United Nations in response to the regime's nuclear weapons development programme. Council Regulation (EC) No 329/2007 of 27 March 2007 (as subsequently amended) implemented restrictive measures within the European Union; these were extended and expanded by Council Regulation (EU) No 296/2013.

The sanctions target the regime as a whole and specific individuals, and include an arms embargo, a ban on the export of dual use goods to North Korea, a ban on exports of luxury goods to North Korea, a ban on the export of gold, precious metals, diamonds and newly printed or minted or unissued North Korean bank notes and coinage, a ban on new involvement with the North Korean banking system, including the participation in joint ventures with North Korean banks, an asset freeze and a travel ban.

Key areas: arms embargo, dual use goods embargo, ban on exports of luxury goods, gold, precious metals and diamonds, bank notes and coinage, involvement with the North Korean banking system, asset freeze, travel ban. 

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