US places further sanctions on North Korea

The US placed further sanctions on North Korea to impede its access to the US financial system, on Friday.

The sanctions named 3 North Korean entities, 10 people and granted powers to the US Treasury to apply sanctions against North Korea’s government officials, reports Reuters.

The sanctioned entities are Reconnaissance General Bureau, North Korea’s intelligence organisation, Korea Mining Development Trading Corp and Korea Tangun Trading Corp.

The Treasury Department, commenting on the executive order signed by Obama, said,

“That will allow us at the time and place of our choosing to impose sanctions on any of those Korean officials.”

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