EU foreign ministers to adopt sanctions against North Korea, says Hungarian FM

European Union foreign ministers are set to adopt a proposal for a complete ban on investment and oil embargo on North Korea, Foreign Minister Péter Szijjártó said on the sidelines of a meeting of the EU’s top diplomats in Luxembourg on Monday.

Under the proposal, the European Union would also ban the employment of guest workers supporting North Korea’s weapons programme, Szijjártó said. It also calls on the EU to lower the threshold for bank transfers requiring approval from 15,000 euros to 5,000 euros.

This would be the strictest package of restrictive measures ever adopted by the EU, Szijjártó said.

The minister said that at the meeting Hungary repeated its call for the EU to impose its own set of sanctions against North Korea beyond those adopted by the UN Security Council.

On another subject, Szijjártó said the EU considers it important to uphold the 2015 Iran nuclear agreement for the sake of its own security as well as that of the region and the globe.