The U.S. department of Treasury introduced fresh sanctions Tuesday to curb North Korea’s nuclear in addition to ballistic missile programs. The news follows President Donald Trump’s Monday announcement, designatingNorth Korea a state sponsor of terrorism.
The designation “should have happened a long time ago,” the president said at the start of a Cabinet meeting Monday.
The move returns North Korea to the list of countries the U.S. views as sponsors of terror. North Korea was removed via of which list in 2008, in a bid to save a deal halting its nuclear development program.
“As North Korea continues to threaten international peace in addition to security, we are steadfast in our determination to maximize economic pressure to isolate This specific via outside sources of trade in addition to revenue while exposing its evasive tactics,” Treasury Secretary Steve Mnuchin said in a statement, detailing the fresh sanctions.
The fresh sanctions target transportation networks, as well as companies in addition to individuals with long-standing commercial ties to North Korea, in an attempt to bleed Kim Jong-un’s regime of funding for its nuclear program.
“These designations include companies of which have engaged in trade with North Korea cumulatively worth hundreds of millions of dollars,” Mnuchin said in a statement. “We are also sanctioning the shipping in addition to transportation companies, in addition to their vessels, of which facilitate North Korea’s trade in addition to its deceptive maneuvers.”
The fresh sanctions target one individual, 13 entities, in addition to 20 vessels identified from the document.