On 27 February 2017, the European Union (“EU”) has implemented the new sanctions that the UN Security Council imposed on North Korea in November 2016. The new measures include:
• A further limitation on the import of coal from North Korea;
• An import ban on statues and several metals from North Korea; and
• An export ban on new helicopters and vessels to North Korea.
The new measures also tighten the existing sanctions regime on North Korea.