You are here: Home » International » News » Politics
Business Standard

US slaps new sanctions to squeeze N Korea dry of funds for nuke programme

This comes a day after US President Donald Trump re-designated North Korea as a state sponsor of terrorism

ANI  |  Washington D.C. 

US slaps new sanctions on North Korea

The United States has slapped a plethora of on

The move is part of a rolling effort to deprive of funds for its nuclear and missile programmes and leave the rogue nation isolated.

In total, this action targets one individual, 13 companies and 20 vessels that have engaged in trade worth hundreds of millions of dollars with North Korea, according to CNN.

"This designation will impose further sanctions and penalties on and related persons and supports our maximum pressure campaign to isolate the murderous regime," said Secretary Steven T. Mnuchin.

is known to employ deceptive shipping practices, including ship-to-ship transfers, according to the Department.

This comes a day after redesignated North Korea as a state sponsor of

North Korea was removed from the list by President George W. Bush in 2008.

It is one of only four countries in the world with that label. The others include Iran, Sudan and Syria.

In September, the proposed a range of United Nations sanctions against North Korea.

First Published: Wed, November 22 2017. 09:18 IST
RECOMMENDED FOR YOU