The South Korean government is considering ending its sanctions on North Korea, provided Pyongyang meets certain conditions, Seoul’s minister of unification said Friday.

Ryoo Kihl-jae said that talks between the North and South would serve as an opportunity to lift the so-called May 24th Measure, which was put into effect in 2010 following the sinking of South Korea’s Cheonan naval vessel.

The South officially blamed the North for sinking the ship, killing 46 sailors, following the results of a multi-nation investigation that spring. The sanctions effectively cut off trade between the two Koreas outside of the joint Kaesong Industrial Complex