US announces sanctions on two North Korea individuals
Washington, Dec 27 (IBNS): The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned two individuals in response to North Korea’s ongoing development of weapons of mass destruction (WMD) and their means of delivery in continued violation of United Nations Security Council Resolutions (UNSCRs).
"Today’s sanctions target key leaders of North Korea’s unlawful weapons programs as highlighted in the recently adopted UNSCR 2397 of December 22," read a statement issued by the U.S. Department of the Treasury.
As a result of today’s actions, any property or interests in property of those designated by OFAC within U.S. jurisdiction are blocked, and transactions by U.S. persons involving the designated persons are generally prohibited.
“Treasury is targeting leaders of North Korea’s ballistic missile programs, as part of our maximum pressure campaign to isolate the DPRK and achieve a fully denuclearized Korean Peninsula,” said Treasury Secretary Steven T. Mnuchin. “These actions follow Friday’s United Nations Security Council Resolution, which imposed strong new sanctions on North Korea further shutting down its ability to raise illicit funds.”
Relationship between the US and North Korea have touched new low in the year 2017.
Over the year, increasing tension in the region, North Korea had launched a nuclear test and multiple missile launches.
The United States and South Korea, on the other hand, conducted joint military drills this year.
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