U.S. sanctions 2 NK officials over missile program

27 December, 2017, 02:38 | Author: Irene Delgado
  • Russia: US 'Aggressive Rhetoric' on North Korea Fueling Tensions

In response to the United Nations vote, North Korea called the sanctions "an act of war" on Sunday.

Washington D.C. [U.S], Dec 27: The United States on Tuesday sanctioned two North Korean officials for their roles in developing the country's ballistic missile program, the Treasury Department said. The sanctions mean any assets the two officials hold in the United States can be confiscated and prohibits Americans from interacting with them.

The new measures order North Koreans working overseas to return home within two years, and ban almost 90 per cent of refined petroleum exports to the country.

The resolution, which came in response to the November test, seeks to slash exports of refined petroleum products to North Korea by 89 percent.

All North Korean nationals working overseas made to return home within 24 months, restricting a vital source of foreign currency. The previous sanctions had lowered the oil barrels to eight million a year.

The latest move comes weeks after Pyongyang conducted an intercontinental ballistic missile test. The has spoken enough about North Korea.

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North Korea's missiles have become suddenly successful because of its purchases of advanced Russian-designed RD-250 rocket engines on the black market, as analyst Michael Elleman pointed out in August.

A Reuters investigation in May said that the two men, along with weapons developer Jang Chan-ha, were handpicked by Kim Jong-un and were very popular with him. North Korea is also known to employ deceptive shipping practices, including ship-to-ship transfers.

North Korea on Tuesday encouraged its people to thoroughly study an address delivered by its leader Kim Jong-un last week, calling for a fight to root out "non-socialist" elements in the society, its state-run media reported.

The North Korean regime is believed to use a complex network of front companies to do business in China and other countries to dodge the economic restrictions.

Pyongyang called United Nations Security Council sanctions imposed on Friday an "act of war" by President Donald Trump's "frenzied" administration.

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