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The resolution seeks to ban nearly 90% of refined petroleum exports to the Pyongyang regime by imposing a stringent cap of 500,000 barrels a year. North Korea has declared that the latest United Nations sanctions imposed on the rogue state are an “act of war.” A foreign ministry statement said they were tantamount to an economic blockade, the official KCNA news agency reported. The move triggered an angry backlash on Sunday from Pyongyang, which threatened to punish countries that supported the measures.
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