Resolution: Draft Resolution

resolution: And it would prohibit all new joint ventures with North Korean companies, and stop new foreign investment in existing joint ventures. ; Egypt, which holds the Security Council presidency, said a vote on the draft resolution has been scheduled at 3 p.m, according to The Japan Times. Saturday at U.N. headquarters in New York. The draft resolution, obtained by AP, will also ban countries from giving any additional permits to North Korean laborers another source of money for Kim Jong Un's regime. The proposed new sanctions follow North Korea's first successful tests of intercontinental ballistic missiles capable of reaching the United States on July 3 and July 27. The draft resolution condemns the launches in the strongest terms and reiterates previous calls for North Korea to suspend all ballistic missile launches and abandon its nuclear weapons and nuclear program in a complete, verifiable, and irreversible manner. The Security Council has already imposed six rounds of sanctions that have failed to halt North Korea's drive to improve its ballistic missile and nuclear weapons capabilities. (news.financializer.com). As reported in the news.