On 8 March 2018, the European Union (North Korea Sanctions) (Amendment) Order 2018 [SD 2018/0095] came into operation, applying in Island law Council Regulation (EU) 2018/285, subject to certain modifications.
Council Regulation (EU) 2018/285 amends Regulation (EU) 2017/1509 to extend restrictive measures against North Korea ("DPRK"). The measures included strengthening of the export ban to the DPRK of all refined petroleum products and ban on imports from the DPRK of food and agricultural products, machinery, electrical equipment, earth and stone, and wood. A ban on exports to the DPRK of all industrial machinery, transportation vehicles, and expansion to all iron, steel and other metals and further maritime restrictive measures against vessels where there are reasonable grounds to believe that the vessel has been involved in the breach of UN sanctions.
The EU amending Regulation can be accessed.
For more information on financial and other sanctions in respect of North Korea please refer to the information on the Customs and Excise website or contact Customs and Excise Division.
