Obama new sanctions on North Korea

north-koreaIn response to the nuclear test conducted by North Korea on January 6 and then a rocket launch on Feb 7, 2016, the United States has imposed new sanctions and restrictions on the former.

United States has ordered to freeze any property of the North Korea in its country and also prohibits any further exportation of goods from the United States to North Korea.

Previously, North Korea had threatened United States that it would drop a hydrogen bomb and destroy Manhattan State.

As per the latest orders, U.S. Government would blacklist any individual who deals with North Korea’s major sectors of economy.

White House spokesman, Josh Earnest said, “The United States and the global community will not tolerate North Korea’s illicit nuclear and ballistic missile activities, and we will continue to impose costs on North Korea until it comes into compliance with its international obligations.”

Another former senior state department official, Peter Harrell, said “North Korean sanctions are finally getting serious.”

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Harrell further said, “It’s going to be very hard for North Korea to move money anywhere in the world.”

The results of the forthcoming sanctions would result in the ban on any European or Asians, from the global financial system anyone, if they do business with Pyongyang’s economy, including mining, transportation and financial sectors.

Moreover, this would compel banks to freeze the assets of anyone who breaks the sanctions and deal with North Korea in any ways.

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