Obama orders sanctions on North Korea

United States of America President Barack Obama today signed an Executive Order signed a new Executive Order imposing fresh sanctions on Government of North Korea and the Workers’ Party of Korea.

“Today’s actions are driven by our commitment to hold North Korea accountable for its destructive and destabilizing conduct,” Secretary of the Treasury Jacob J. Lew said as released by US Department of Treasury.

“Even as the FBI continues its investigation into the cyber-attack against Sony Pictures Entertainment, these steps underscore that we will employ a broad set of tools to defend U.S. businesses and citizens, and to respond to attempts to undermine our values or threaten the national security of the United States,” the Secretary added.

The EO orders US citizens not to engage in transactions or dealings with three designated entities (Reconnaissance General Bureau, Korea Mining Development Trading Corporation, Korea Tangun Trading Corporation) controlled by North Korea and ten officials of its government. Further, these entities and individuals will be denied access to US financial system.