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News Link • Foreign Policy

Obama widens U.S. sanctions on North Korea

• Reuters

President Barack Obama broadened financial sanctions on North Korea on Monday and froze the U.S. assets of four North Korean citizens and eight firms in part to punish it for the sinking of a South Korean warship.

Obama signed an executive order that lets the United States block the U.S. assets of North Korean entities that trade in conventional arms or luxury products, counterfeit currency or engage in money laundering, drug smuggling or other "illicit" activity that supports the government or its leaders.

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