Article 17
Open ↗1. It shall be prohibited, in the territory of the Union, to accept or approve investment in any commercial activity, where such investment is made by: (a) natural or legal persons, entities or bodies of the Government of the DPRK; (b) the Workers' Party of Korea; (c) nationals of the DPRK; (d) legal persons, entities or bodies incorporated or constituted under the law of the DPRK; (e) natural or legal persons, entities or bodies acting on behalf or at the direction of persons, entities or bodies referred to in (a) to (d); and (f) natural or legal persons, entities or bodies owned or controlled by the natural or legal persons, entities or bodies referred to in (a) to (d). 2. It shall be prohibited: (a) to establish, maintain or operate a joint venture or a cooperative entity with any natural or legal person, entity or body referred to in paragraph 1 or domiciled in the DPRK or to, to take, maintain or extend an ownership interest, including by acquisition in full or the acquisition of shares and other securities of a participatory nature in any legal person, entity or body that is referred to in paragraph 1 or is domiciled in the DPRK, or in activities or assets in the DPRK; (b) to grant financing or financial assistance to any natural or legal person, entity or body referred to in points (d) to (f) of paragraph 1 or for the documented purpose of financing such natural or legal persons, entities or bodies; (c) to provide investment services directly or indirectly related to the activities referred to in points (a) and (b) of this paragraph; and (d) to participate directly or indirectly in joint ventures or in any other business arrangements with entities listed in Annex XIII, as well as with natural or legal persons, entities or bodies acting for or on their behalf or direction. 3. Existing joint ventures or cooperative entities referred to in point (a) of paragraph 2, shall be closed by 9 January 2018, or within 120 days after the Sanctions Committee has denied a request for approval.