The U.S. has unveiled new targeted sanctions against North Korean financial, energy, labor exportation and transportation operations, the Department of the Treasury announced on Friday.The treasury’s Office of Foreign Assets Control (OFAC) latest blacklist includes seven North Korean officials, 16 entities and 16 aircraft and comes in response to the North’s fifth nuclear test in September this year.“These sanctions aim to cut the flow of financial resources to North Korea and further counter the regime’s destabilizing and provocative behavior,” Adam J. Szubin, Acting Under Secretary for Terrorism and Financial Intelligence said, according to an OFAC press
The U.S. has unveiled new targeted sanctions against North Korean financial, energy, labor exportation and transportation operations, the Department of the Treasury announced on Friday.
The treasury’s Office of Foreign Assets Control (OFAC) latest blacklist includes seven North Korean officials, 16 entities and 16 aircraft and comes in response to the North’s fifth nuclear test in September this year.
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About the Author
Hamish Macdonald
Hamish Macdonald is an Associate Fellow at RUSI working on Project SANDSTONE and formerly a journalist and researcher who has focused uniquely on North Korea related topics and affairs. He was previously the COO of the Korea Risk Group, which produces the NK News and NK Pro. Specialising in this area, his investigations covered topics including North Korean sanctions evasion activities, domestic economic development and human rights.
