'Under no circumstances' will we stop building nukes

'Under no circumstances' will we stop building nukes

Also attending the forum, the regime's foreign minister, Ri Yong Ho, said North Korea would "under no circumstances" negotiate away its nuclear weapons capability and ballistic missiles.

At a meeting in Washington in May, U.S. Secretary of State Rex Tillerson pressed his ASEAN counterparts to fully implement and adhere to United Nations sanctions on North Korea.

In a separate development, Tillerson said on Monday he believes Washington and Russia can find a way to ease tension, saying it wouldn't be useful to cut ties over the single issue of suspected Russian meddling in the US election. Repeating a threat made a number of times since the recent intercontinental ballistic missiles (ICBM) tests, Ri said that all of the USA was now within striking range of Pyongyang's missiles. The second test in particular raised fear that Pyongyang could be on the cusp of developing missiles capable of reaching the USA mainland.

The administration says the resolution could cost the regime $1 billion a year, although sanctions experts say that depends largely on how well they are implemented - especially by China, whose track record on enforcing punitive measures on North Korea is poor.

The sanctions also bar countries from employing North Korean laborers commissioned to work overseas. The new resolution also bans investment activities in relation to North Korea, such as joint ventures, and designates several additional individuals for a travel ban and assets freeze, as well as imposes an assets freeze on some entities.

Asked about whether the latest round of sanctions against Pyongyang will have the desired effect, given North Korea's race toward nuclear development and the time it takes for sanctions to kick in, Tillerson said that "when do these actually have a practical bite on their revenues. the more important element of that is just the message that this sends to North Korea of how unacceptable the entire worldwide community finds what they're doing to be". "Because of the arbitrariness of the USA, the situation in the Korean Peninsula is heading further into the extreme with the danger of conflict on continuous increase", he said.

North Korea said the latest sanctions infringed its sovereignty and it was ready to give Washington a "severe lesson" with its strategic nuclear force in response to any USA military action.

A similar stance was also emphasized in an earlier statement made via the North Korean regime's official KCNA news agency, in which the North threatened to take "righteous action" and make the U.S. "pay the price for its crime... thousands of times" for drafting the sanctions.

Secretary of State Rex Tillerson on Monday laid out what the US expects from North Korea ahead of any talks between the two sides: A halt to the increasingly frequent ballistic missile launches that have ratcheted up tensions over recent months.

The ARF is an annual security gathering involving foreign ministers from almost 30 nations including China, Japan, South Korea, the United States and the ASEAN members.

European markets end lower amid geopolitical tensions
The broad-based S&P 500 shed 0.6 percent to 2,459.50, while the tech-rich Nasdaq Composite Index tumbled 0.8 percent to 6,299.12. Penney slumped as much as 18.25 percent to a record low after the retailer reported a bigger-than-expected quarterly loss.

"We hope again that this ultimately will result in North Korea coming to a conclusion to choose a different pathway, and when the conditions are right that we can sit and have a dialogue around the future of North Korea so that they feel secure and prosper economically", added Tillerson, the Post reported.

North Korea, meanwhile, threatened a "thousands-fold" act of revenge against the USA on Monday for the United Nations sanctions passed Saturday, the Associated Press reported.

"North Korea's nuclear program is all about ensuring its security by deterring foreign attack". Despite pressure from the global community, Pyongyang has made no secret of its nuclear ambitions. The country claimed that the last warhead it tested could be attached to a rocket. It can call upon nearly a quarter of its population to serve in the army at any given time.

President Donald Trump and South Korean President Moon Jae-in are sharing their concerns about North Korea.

Earlier, U.S. Secretary of State Rex Tillerson said new United Nations sanctions targeting North Korea are a "very good outcome". Preparations for the rallies often begin months in advance and are usually held on an important anniversary of the party or Kim Jong Un's family. "We have the ability to adapt and we will always adapt to the threat as it changes".

Responding to the ICBM provocation with a show of force, the US and South Korean troops on Wednesday conducted "deep strike" precision missile drills using Army Tactical Missile System (ATACMS) and the Republic of Korea's Hyunmoo Missile II.

The United States will have direct talks with North Korea if the rogue nation agrees to stopping their ICBM tests.

In a phone call requested by Seoul, Trump and newly installed South Korean President Moon Jae-in committed jointly to "fully implement all relevant resolutions and to urge the worldwide community to do so as well", the White House said.

"This is not a "give me 30 days and we are ready to talk" - it's not quite that simple", Tillerson added. "So it is all about how we see their attitude towards approaching a dialogue with us".

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