Financial measures

1) Member States shall not enter into new commitments for grants, financial assistance or concessional loans to the DPRK. 2) It is prohibited to sell or purchase, broker or assist in the issuance of DPRK public bonds issued after 18 February 2013 to or from the Government of the DPRK. 3) It is prohibited for the financial insitutions in the Member States to open representative offices, subsidiaries, branches or banking accounts in the DPRK. Existing representative offices, subsidiaries or banking accounts in the DPRK shall be closed. 4) It is prohibited to transfer funds to or from the DPRK. Financial institutions in the Member States shall not enter into, or continue to participate in, any transactions with (1) banks domiciled in the DPRK; (2) branches or subsidiaries within or outside the jurisdiction of the Member States of banks domiciled in the DPRK; (3) or financial entities that are controlled by persons or entities domiciled in the DPRK. 5) It is prohibited to provide public or private financial support for trade with the DPRK or to DPRK nationals or entities involved in such trade. 6) It is prohibited for a DPRK diplomatic mission or consular post, and their DPRK members, to own or control banking accounts in the Union.

EU

Restrictive measures in relation to the non-proliferation of the weapons of mass destruction

UN, EU country specific

Democratic People's Republic of Korea

The ongoing nuclear and ballistic missile-related activities of the DPRK represent a serious threat to international peace and security. These activities undermine the global non-proliferation and disarmament regime of which the EU has been a steadfast supporter for decades. In this context, the EU has implemented the restrictive measures imposed by Resolutions of the UN Security Council and has complemented them through its own autonomous measures. These measures target the DPRK's weapons of mass destruction and ballistic missile-related programmes. The first set of restrictive measures were introduced with the UN Security Council Resolution 1718 (2006), adopted shortly after DPRK´s first nuclear test on 9 October 2006. The UN Security Council has repeatedly adopted new measures and expanded existing ones, most recently on 3 September 2017. On 27 May 2016, for the first time, the Council of the EU adopted additional autonomous restrictive measures in relation to the DPRK on the grounds that its actions constitute a grave threat to international peace and security in the region and beyond. On 6 April and most recently on 16 October, the Council again introduced additional restrictive measures to further increase pressure on the DPRK to comply with its international obligations. The EU is determined to combat proliferation and committed to the denuclearisation of the Korean Peninsula, including through the consideration of new restrictive measures. Derogations and exemptions to the restrictive measures are possible, including the delivery of humanitarian aid.