Country Risk

US-North Korea travel ban does not affect war risk, in absence of military activity

08 August 2017


The United Nations Security Council (UNSC) on 6 August unanimously passed new sanctions against North Korea following the country's two tests of the Hwaseong-14 intercontinental ballistic missile.

This is the second time that the UNSC has passed sanctions following a missile launch, as opposed to a nuclear test; IHS Markit assesses that this reflects China's desire to at least be seen as co-operating with the United States on North Korea. Importantly, member states must pass legislation to implement the sanctions, which include cessation of purchases of coal, iron and iron ore, lead and lead ore, and seafood, within 30 days.

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