Skip to main content
NTv Online

World

World
  • Africa
  • Americas
  • Asia Pacific
  • Europe
  • Mid East
  • More
  • Offbeat
  • South & Central Asia
  • Viral
  • Bangla Version
  • Archive
  • Bangladesh
  • World
  • Sports
  • Entertainment
  • Business
  • Comment
  • Education
  • Life
  • Health
  • Art & Culture
  • Election
  • বাংলা
  • Bangladesh
  • World
  • Sports
  • Entertainment
  • Business
  • Comment
  • Education
  • Life
  • Health
  • Art & Culture
  • Election
  • বাংলা
  • Bangla Version
  • Archive
Follow
  • World
Reuters
17 March, 2016, 08:09
Update: 17 March, 2016, 08:09
More News
NTV’s Chief of Correspondents Arifur Rahman receives prestigious award in US
Resolution on Myanmar adopted at UNGA with overwhelming majority
Trump is impeached
Myanmar may have chemical weapons stockpile: US
Florida's Bangladeshi Cultural Organizations Teams Up for Shakib

Obama slaps new sanctions on N. Korea after tests

Reuters
17 March, 2016, 08:09
Update: 17 March, 2016, 08:09
North Korean leader Kim Jong Un gives instruction during a simulated test of atmospheric re-entry of a ballistic missile, at an unidentified location in this undated photo released by North Korea's Korean Central News Agency (KCNA) in Pyongyang on 15 March 2016. Photo: Reuters

 

Washington: President Barack Obama imposed sweeping new sanctions on North Korea on Wednesday intended to further isolate the country’s leadership after recent actions by Pyongyang that have been seen by Washington and its allies as provocative.

The executive order freezes any property of the North Korean government in the United States and prohibits exportation of goods from the United States to North Korea.

It also allows the US government to blacklist any individuals, whether or not they are US citizens, who deal with major sectors of North Korea’s economy. Experts said the measures vastly expanded the US blockade against Pyongyang.

North Korea conducted a nuclear test on 6 January, and a 7 February rocket launch that the United States and its allies said employed banned ballistic missile technology. Pyongyang said it was a peaceful satellite launch.

‘The US and the global community will not tolerate North Korea’s illicit nuclear and ballistic missile activities, and we will continue to impose costs on North Korea until it comes into compliance with its international obligations,’ White House spokesman Josh Earnest said.

Despite decades of tensions, the United States has not had a comprehensive trade ban against North Korea of the kind enacted against Myanmar and Iran. Americans were allowed to make limited sales to North Korea, although in practice such trade was tiny.

US officials had believed a blanket trade ban would be ineffective without a stronger commitment from China, North Korea’s largest trading partner. But with China signing on to new UN sanctions earlier this month, that obstacle has been removed, experts said.

‘North Korean sanctions are finally getting serious,’ said Peter Harrell, a former senior State Department official who worked on sanctions.

The new sanctions threaten to ban from the global financial system anyone, even Europeans and Asians, who does business with broad swaths of Pyongyang’s economy, including its financial, mining and transportation sectors.

The so-called secondary sanctions will compel banks to freeze the assets of anyone who breaks the blockade, potentially squeezing out North Korea’s business ties in China and Myanmar.

‘It’s going to be very hard for North Korea to move money anywhere in the world,’ said Harrell, now with the Centre for a New American Security.

Most Read
  1. WHO site shows how they refuse to acknowledge scientific evidence on vaping
  2. Tholos Foundation urges Bangladesh govt not to ban e-cigarettes
  3. India bans service charge at hotels and restaurants
  4. Bangladesh and Australia working towards key trade partners
  5. Bigger and better Mother Language Day Walk
  6. Islamic State loses second leader in two years
Most Read
  1. WHO site shows how they refuse to acknowledge scientific evidence on vaping
  2. Tholos Foundation urges Bangladesh govt not to ban e-cigarettes
  3. India bans service charge at hotels and restaurants
  4. Bangladesh and Australia working towards key trade partners
  5. Bigger and better Mother Language Day Walk
  6. Islamic State loses second leader in two years

Follow Us

Alhaj Mohammad Mosaddak Ali

Chairman & Managing Director

NTV Online, BSEC Building (Level-8), 102 Kazi Nazrul Islam Avenue, Karwan Bazar, Dhaka-1215 Telephone: +880255012281 up to 5, Fax: +880255012286 up to 7

Browse by Category

  • About NTV
  • NTV Programmes
  • Advertisement
  • Web Mail
  • NTV FTV
  • Satellite Downlink
  • Europe Subscription
  • USA Subscription
  • Privacy Policy
  • Terms & Conditions
  • Contact

Our Newsletter

To stay on top of the ever-changing world of business, subscribe now to our newsletters.

* We hate spam as much as you do

Alhaj Mohammad Mosaddak Ali

Chairman & Managing Director

NTV Online, BSEC Building (Level-8), 102 Kazi Nazrul Islam Avenue, Karwan Bazar, Dhaka-1215 Telephone: +880255012281 up to 5, Fax: +880255012286 up to 7

Reproduction of any content, news or article published on this website is strictly prohibited. All rights reserved