US proposes more UN Security Council sanctions on North Korea over missile launches

Anil Panchal FXStreet

While reacting to the six consecutive missile tests by North Korea, US Ambassador Linda Thomas-Greenfield tweeted the US proposal to levy further sanctions on the hermit kingdom to the United Nations (UN) early Thursday.

“On top of today's designations by the US State Department and the US Treasury, the US is proposing United Nations sanctions following North Korea's six ballistic missile launches since September 2021, each of which were in violation of UN Security Council resolution,” tweeted US Ambassador.

The diplomat also mentioned, “Today’s designations by the US State Department and the US Treasury convey our serious concern about North Korea’s continued ballistic missile launches and proliferation activities. We urge all UN Member States to fully implement their obligations under UNSC resolutions.”

FX implications

The news weighs on the market sentiment and triggers a pullback in the commodities, as well as Antipodeans, at the latest.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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