On March 7, 2013, the United Nations Security Council unanimously adopted Resolution 2094 on North Korea’s third nuclear test.
For the first time, the resolution includes North Korean diplomats, banking entities and illegal cash transfers engaged in illegal activities within the scope of sanctions, and further increases travel restrictions. This is the fourth round of sanctions imposed by the United Nations on North Korea so far and is also the most severe.
The resolution calls on all countries to take measures to prohibit the Bank of North Korea from setting up new branches, subsidiaries or representative offices in various countries; in order to prevent the provision of financial services, it prohibits the Bank of North Korea from entering into new cooperation with banks within its jurisdiction. Obtain equity interests in these banks or establish or maintain agency relationships with them; prohibit financial institutions from opening representative offices or affiliates or bank accounts in North Korea.
The resolution determines that all countries should deny entry to ports if a vessel refuses to be inspected after the flag state has approved the inspection, or if a North Korean-flagged vessel refuses to be inspected in accordance with the resolution. States shall not allow aircraft to take off from, land on or fly over their territory when they believe that the aircraft is carrying items prohibited by resolution from being supplied, sold, transferred or exported, except for emergency landings.