China, US agree on new North Korea sanctions

China and the US have agreed on a UN resolution placing further sanctions on North Korea after seven weeks of debate, The Financial Times reported. The new legislation will give the US Treasury the power to sanction individuals trading in large quantities of metals with North Korean entities linked to the Worker’s party or illicit activities. “That scope covers a substantial swath of potential North Korean trading partners and therefore could be used to target a number of affiliated Chinese businessmen,” said Andrea Berger of UK think-tank the Royal United Services Institute.