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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters U.N. committee puts 3 North Korea firms on blacklist Fri Apr 24, 2009 8:07pm EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Louis Charbonneau UNITED NATIONS (Reuters) - A Security Council committee on Friday placed three North Korean companies on a U.N. blacklist for aiding Pyongyang's missile and nuclear programs, eliciting a sharp rebuke from a North Korean envoy. The North Korea sanctions committee met a Friday deadline set by the Security Council on April 13 to produce a list of goods and North Korean entities to be blacklisted under Security Council resolution 1718, passed after Pyongyang's October 2006 nuclear test. The three companies put on the list are Korea Mining Development Trading Corp., Korea Ryongbong General Corp. and Tranchon Commercial Bank, according to a copy of the committee's decision obtained by Reuters. The decision said the three companies were linked to the military and active in procuring equipment and financing for North Korea's ballistic missile and other weapons programs. The blacklisting prohibits companies and nations around the world from doing business with the three firms, but the impact of the action might be largely symbolic. One Western diplomat said the three blacklisted firms had subsidiaries that also would be subject to U.N. sanctions. Committee members also decided to ban the import and export of items on an internationally recognized list of sensitive technologies used to build long-range missiles capable of delivering weapons of mass destruction. The committee's decision came in response to a Security Council statement condemning North Korea's April 5 long-range rocket launch and demanding tougher enforcement of financial sanctions and an arms embargo against Pyongyang. Prior to the launch, the sanctions committee had not met for two years. The committee is comprised of the United States, Britain, France, China, Russia and 10 other Security Council members. Britain's U.N. Ambassador John Sawers said the decision meant that U.N. member states would be obligated to freeze the assets of the three firms, adding that the measures were "legally binding on all U.N. member states." He said the unanimous agreement within the committee was "a major step forward in terms of international action to disrupt and deter (North Korea's) WMD and ballistic missile programs." A U.S. official told Reuters the committee's decision was "a serious and credible response to the launch." 'WANTON VIOLATION' North Korea's Deputy U.N. Ambassador Pak Tok Hun told reporters that his country rejected Friday's decision. "The discussion on the sanctions in the Security Council against (North) Korea for its satellite launch is itself a wanton violation of the United Nations charter," Pak said. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! 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