US slaps sanctions on eight North Korean banks and 26 executives as it tries to ‘fully isolate’ the country

Wednesday, September 27, 2017
By Paul Martin

‘This further advances our strategy to fully isolate North Korea,’ US Treasury Secretary Steven Mnuchin said in a statement
Tuesday’s announcement compounded economic sanctions which the United Nations unanimously imposed on North Korea
The new sanctions target North Koreans working as representatives of North Korean banks in China, Russia, Libya and the United Arab Emirates

By HARVEY DAY
DAILYMAIL.COM
27 September 2017

The US imposed sanctions on eight North Korean banks and 26 executives on Tuesday, ratcheting up pressure on the country amid increasingly aggressive exchanges with Pyongyang over its nuclear program.

‘This further advances our strategy to fully isolate North Korea in order to achieve our broader objectives of a peaceful and denuclearized Korean peninsula,’ US Treasury Secretary Steven Mnuchin said in a statement.

Tuesday’s announcement compounded economic sanctions which the United Nations unanimously imposed on North Korea after it carried out its latest nuclear weapons test early this month.

The new sanctions target North Koreans working as representatives of North Korean banks in China, Russia, Libya and the United Arab Emirates.

All property and interest of the designated companies and individuals in the US are blocked by the sanctions, effectively freezing them out of much of the global financial system.

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