8/07 UN slaps new sanctions on N.Korea

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  • After a month of deliberations and negotiations, the UN Security Council has unanimously passed a resolution that would slash $1B, or about a third, off North Korea's annual export revenue.
  • China and Russia, two permanent members who had resisted new economic sanctions, ultimately endorsed the measure, saying Pyongyang's recent provocations were unacceptable following its two ICBM tests in July.
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