The Swiss government has blocked a deal by a Swiss ski lift manufacture, Bartholet Maschinenbau, to sell a ski lift to North Korea. The Swiss government believes the resort will be used purely for government officials and cited expanded sanctions on luxury exports to North Korea.
It is being reported that the deal was valued at more than $7m (£4.46m; 5.2m euros). Austrian and French manufacturers had previously turned down deals, citing political reasons.
This is yet another set back for Kim Jong-un’s pet project. Last month much of the project was washed away in severe flooding.