U.S extends Sanction towards North Korea, will it make any difference?
Reported by: Emon CRWE Newswire Middle East correspondent.
President Barack Obama signed an executive order extending sanction against North Korea. Hoping to bring N. Korea in line with the rest of the world, but these sanctions are expected by major think tanks to have kittle results.
U.S Finance Ministry in this regard has distributed an additional list of organizations and individuals of DPRK, whose assets will be frozen in connection with their involvement in the missile and nuclear programs.
On this lists, U.S will freeze four North Korean individuals, three companies and five government agencies. Will Brown and Root, Bechtel, and Halliburton be among those listed?
The intention to impose new sanctions against North Korea was announced last month in South Korea, by Secretary of State Hillary Clinton. She said the restrictions are aimed at “selling and buying of arms and related materials, luxury goods, as well as other illegal activities.” And also include the freezing of bank accounts of individuals.
The North Korean regime has been under pressure because of tightened sanctions, shriveling trade amid increased international isolation, food shortages and a poor currency reform last year.
But the issue remains will these sanctions really make a difference or will North Korea become more antagonistic towards the west and our allies. in short, what will work to bring N. Korea into the fold, the carrot, or the stick?
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Tags: Bank account seizures, Bank Accounts, Barack Obama, Currency reform., DPRK, Freeze, Hillary Clinton, Illegal Activities, North Korea, President, Regime, Restriction, Sanction, Secretary of State, South Korea, Trade, US
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