US Imposes New Sanctions on North Korea After Missile Tests

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The United States has imposed new sanctions on North Korea in response to that country’s three missile launches earlier this week.

 

The US would have preferred to see new UN sanctions imposed on North Korea, but Russia and China vetoed this.

For example, all US assets with the Far Eastern Bank and Bank Sputnik, two Russian institutions accused of working with North Korea, will be frozen, the Treasury Department reports. Transactions with these Russian banks are punishable by law.

Other sanctions target Jong Yong Nam, who is said to be working for North Korea’s weapons program from Moscow-allied Belarus. A trading company affiliated with state airline Air Koryo that was previously sanctioned by the US has been subject to new sanctions.

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