Europe steps up North Korea sanctions with oil, finance bans

North Korean leader Kim Jong Un attends a banquet for contributors of the recent rocket launch, in this undated photo released by North Korea's Korean Central News Agency (KCNA) in Pyongyang on February 15, 2016. REUTERS/KCNA

BRUSSELS (Reuters) - The European Union stepped up its sanctions on North Korea on Friday with near-blanket trade and travel bans after Pyongyang's latest nuclear test and rocket launch, a move going beyond new U.N. Security Council sanctions.

Pyongyang is also banned from selling any oil-related or luxury goods to the European Union, while EU nations cannot invest in the country's mining, refining and chemical industries.