Trump signs new order to widen sanctions on North Korea

US President Donald Trump has signed a new order that boosts sanctions against North Korea over its nuclear weapons programme.

The US Treasury has been authorized to target firms and financial institutions conducting business with the North. Trump singled out the North’s textiles, fishing, information technology and manufacturing industries.

The president also said China’s Central Bank had instructed other Chinese banks to stop doing business with Pyongyang.

It comes less than two weeks after the UN approved new sanctions against the country over its latest nuclear test.

Announcing a new executive order on Thursday, President Trump said the measures were designed to “cut off sources of revenue that fund North Korea’s efforts to develop the deadliest weapons known to humankind”.

[BBC]

This entry was posted in China, DPRK Government, Uncategorized by Grant Montgomery.