September 22, 2017

Donald Trump Expands North Korea Sanctions -- Update

Source: Fox News

Journalist: Louise Radnofsky

President Donald Trump launched a new phase of a crackdown on North Korea on Thursday, expanding sanctions to hit any individuals, companies and financial institutions doing business with Pyongyang, not only those involved in aiding its weapons program or laundering funds.

Mr. Trump signed an executive order giving the U.S. Treasury Department the power to sanction any entity involved with North Korean trade or finance, freeze the U.S. assets of foreign banks working with the country and ban those institutions from accessing U.S. financial markets.

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Author

  • Patrick M. Cronin

    Former Senior Advisor and Senior Director, Asia-Pacific Security Program

    Patrick M. Cronin is a former Senior Advisor and Senior Director of the Asia-Pacific Security Program at the Center for a New American Security (CNAS). Previously, he was the ...