Short-term impact likely negligible, but potential for major consequences in medium-to-long term
North Korea’s national airline Air Koryo, 16 of its aircraft and 10 of its offices were designated as sanctioned entities on December 2 by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC). According to OFAC the development means “U.S. persons are generally prohibited from engaging in transactions involving the designated persons and listed
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Chad O'Carroll has written on North Korea since 2010 and writes between London and Seoul.
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