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US Hopes New, Tougher Sanctions Will Stop N. Korea Weapons Development

The United States on Thursday further clamped down on North Korea’s ties to the outside world, moving to sever any links between Pyongyang and banks outside the reclusive state. “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,” U.S. Treasury Secretary Steve Mnuchin told reporters in New York. “This new executive order enables Treasury to freeze assets of anyone conducting significant trade in goods, services or technology with North Korea. It also…

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