EU implements humanitarian exemptions to North Korea sanctions

The EU has implemented a UN exemption to its sanctions on North Korea, allowing for certain transactions with North Korean entities Foreign Trade Bank and Korea National Insurance Company. The exemptions allow transactions with FTB or KNIC if they are solely for the operation of diplomatic missions in North Korea or humanitarian activities that are undertaken by, or in coordination with, the UN.

See Council Regulation (EU) 2017/1501 amending Council Regulation 329/2007 and Council Decision (CFSP) 2017/1504 amending Council Decision (CFSP) 2016/849.

North KoreaNorth Korea European UnionEuropean Union

About Maya Lester QC

Maya Lester QC

Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. The legal directories say she is the...

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