US sanctions North Korea

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President Obama has signed an executive order imposing new sanctions on North Korea following last month’s cyber-attack on Sony Pictures Entertainment.

In issuing the order, Obama accuses North Korea of “destructive, coercive cyber-related actions during November and December,” calling them a “continuing threat to the national security, foreign policy and economy of the United States.”

The order authorizes the Treasury Department to shutdown access to the U.S. financial system, prohibiting transactions and freezing assets, for specific North Korean officials and entities and anyone who supports them.

The Obama administration has identified more than a dozen targets of the sanctions – 3 North Korean agencies and 10 individuals – including the country’s primary intelligence agency that the administration believes runs their “major cyber operations.”

[ABC]

This entry was posted in by Grant Montgomery.

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