Developments last weekend in New York? No, it was March 2013 when the Obama administration http://www.un.org/en/ga/search/view_doc.asp?symbol=S/RES/2094(2013) unanimous support at the UN Security Council for yet another round of multilateral sanctions on North Korea in response to that country’s third nuclear test.
The Trump administration has now done the same, with the White House hailing a new round of multilateral sanctions, projecting that it will have a “very big financial impact” of more than $1 billion.
What does 'hail' mean here, since it has various meanings?
Praise Here, the word means "welcoming"
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It means to herald (something) [announce (something) with some acclaim].