The EU has adopted Council Regulation (EU) 2017/1548 and Council Decision (CFSP) 2017/1562 extending sanctions against North Korea.

The new legislation amends Regulation (EU) 2017/1509 to impose a total ban on coal iron, iron ore, seafood, lead and lead ore, as well as introducing sanctions to target North Korea’s arms smuggling and ability to access finance from abroad.

The sanctions also prohibit EU member states from allowing North Korean nationals to work in their territories and prevent investment from North Korea (via joint ventures and cooperative entities).

For additional information, please contact Ross L. Denton, of our London office, our any member of our International Commercial and Trade Group with whom you normally work.