The European Union says it is imposing new sanctions on North Korea in retaliation for the country’s repeated nuclear and ballistic missile tests.

The new sanctions include investment bans on aerospace, metalworking and conventional arms-related industries, and prohibitions against providing computer services to people involved with mining and chemical industries.

An EU statement Thursday said the new sanctions were imposed because North Korea violated multiple U.N. resolutions and constitutes “a grave threat to international peace and security.”

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