William Katz:  Urgent Agenda

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THE DETAILS – AT 9:50 A.M. ET:  We began this story in "Short Takes" last night.  Here are the details of the sanctions imposed on North Korea by the UN Security Council last night.  There is no guarantee that nations will abide by these sanctions, and sanctions have never stopped the Norks from expanding their nuclear and missile programs.  From France 24: 

The UN Security Council on Monday unanimously imposed new sanctions on North Korea, slapping a ban on textile exports and restricting shipments of oil products to punish Pyongyang for its sixth and largest nuclear test.

With backing from China and Russia, the council adopted a US-drafted sanctions resolution just one month after banning exports of coal, lead and seafood in response to North Korea's launch of an intercontinental ballistic missile (ICBM).

And...

During tough negotiations, the United States dropped initial demands for a full oil embargo and a freeze on the foreign assets of North Korean leader Kim Jong-Un in a bid to win support from China and Russia.

The resolution instead bans textile exports, cuts off natural gas shipments to North Korea, places a ceiling on deliveries of refined oil products and caps crude oil shipments at their current level.

It bars countries from issuing new work permits to North Korean laborers sent abroad and seeks to phase out the practice by asking countries to report on the date for ending existing contracts.
Some 93,000 North Koreans work abroad, providing Kim's regime with a source of revenue to develop its missile and nuclear programs, according to a US official familiar with the negotiations.

Under the measure, countries are authorized to inspect ships suspected of carrying banned North Korean cargo but must first seek the consent of the flag-state.

Joint ventures will be banned and the names of senior North Korean official and three entities were added to a UN sanctions blacklist that provides for an assets freeze and a global travel ban.
It was the eighth series of sanctions imposed on North Korea since it first tested a nuclear device in 2006.

'Big mistake' to avoid talks

The United States and its allies argue that tougher sanctions will pile pressure on Kim's regime to come to the negotiation table to discuss an end to its nuclear and missile tests.

Russia and China are pushing for talks with North Korea, but their proposal for a freeze on Pyongyang's missile and nuclear tests in exchange for suspending US-South Korean military drills has been rejected by the United States.

COMMENT:  The sanctions look impressive, but really aren't.  A full oil embargo would have been jolting, but we had to drop it.

And that's the problem.  The things that might work will never be approved by Russia or China.  Now we'll see if these new sanctions are actually applied, and what effect they will have.  It is the policy of North Korea to pursue its dreaded weapons programs, regardless of economic damage to the country.  So don't expect much.

We await the next North Korean missile test or nuclear explosion.  What will Trump do?

September 12,  2017