Declaration by the High Representative on behalf of the EU on the alignment of certain third countries concerning restrictive measures against the Democratic People's Republic of Korea
On 16 October 2017 the Council adopted Decision (CFSP) 2017/1860[1] concerning restrictive measures against the Democratic People's Republic of Korea.
The Decision provides for a prohibition on the export of refined petroleum products and crude oil to the DPRK and a ban on EU investment in the DPRK, in all sectors.
The Council furthermore agreed not to renew work authorisations for DPRK nationals present on their territory and to lower the amount of personal remittances transferred to the DPRK.
The Council also added three persons and six entities to the lists of those subject to an asset freeze and travel restrictions.
The Candidate Countries the former Yugoslav Republic of Macedonia*, Montenegro*, Serbia* and Albania*, the country of the Stabilisation and Association Process and potential candidate Bosnia and Herzegovina, and the EFTA countries Iceland, Liechtenstein and Norway, members of the European Economic Area, as well as the Republic of Moldova and Armenia align themselves with this Council Decision.
They will ensure that their national policies conform to this Council Decision.
The European Union takes note of this commitment and welcomes it.
[1] Published on 16.10.2017 in the Official Journal of the European Union no. L 265 I/8
*The former Yugoslav Republic of Macedonia, Montenegro, Serbia and Albania continue to be part of the Stabilisation and Association Process.