North Korea: Trump signs new order to widen sanctions

US President Donald Trump has signed a new order that boosts sanctions against North Korea over its nuclear weapons programme. The ...


US President Donald Trump has signed a new order that boosts sanctions against North Korea over its nuclear weapons programme.

The US treasury has been authorised to target firms and financial institutions conducting business with the North.

The president also said China's Central Bank had instructed other Chinese banks to stop doing business with Pyongyang.

It comes less than two weeks after the UN approved new sanctions against the country over its latest nuclear test.

Tensions have risen in recent weeks over the North's continued nuclear and ballistic missile tests, despite pressure from world powers to stop.7

Announcing a new executive order on Thursday, President Trump said the measures were designed to "cut off sources of revenue that fund North Korea's efforts to develop the deadliest weapons known to humankind".

He singled out the North's textiles, fishing, information technology and manufacturing industries.

"For much too long North Korea has been allowed to abuse the international financial system to facilitate funding for its nuclear weapons and missile programs," he said.

He stressed that the sanctions were targeting "only one country, and that country is North Korea".

His treasury secretary, Steven Mnuchin, later told reporters: "Foreign financial institutions are now on notice that going forward they can choose to do business with the United States or with North Korea, but not both."

The US president had on Tuesday vowed to "totally destroy" the North if it posed a threat to the US and its allies, in his first address as US president to the UN General Assembly.

North Korean leader Kim Jong-un vowed to make Mr Trump "pay dearly" for his speech.
In a statement on Friday, he branded Mr Trump "mentally deranged" and said the US president's remarks "have convinced me, rather than frightening or stopping me, that the path I chose is correct and that it is the one I have to follow to the last".

Taking an indirect swipe at the US, Russian Foreign Minister Sergei Lavrov warned the UN that "military hysteria" over the North's nuclear testing would lead to "disaster".

China's Foreign Minister Wang Yi told Pyongyang not to go in a "dangerous direction", and told the UN General Assembly on Thursday that there should be no new nuclear weapons on the Korean peninsula "whether it is in the north or the south".

SRC - BBC

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