US President Barack Obama has signed a new executive order that tightens the US trade embargo on North Korea over the country’s nuclear and missile tests.
The Obama administration said Wednesday the new measures block any US trade with the North Korean government and any entities in the country engaged in finance, transportation, mining and energy.
“The US 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,” White House press secretary Josh Earnest said.
The new set of sanctions also freezes any property belonging to the North Korean government in the US.
“We will work closely with our international partners to continue in a strong and unambiguous way to pressure North Korea to abandon its illicit nuclear and ballistic missile programs,” said Adam Szubin, the US Treasury…