U.S. Sanctions Against North Korea Officially Announced
July 21, 2010
U.S. (ChattahBox) – The United States have officially announced sanctions against North Korea, an action that has been threatened for months after their unwillingness to negotiate in their nuclear program, and an increasing hostility with South Korea, Reuters reports.
The major catalyst was the sinking of a South Korean ship, which the North has vehemently denied. However, every bit of evidence points to a deliberate firing ordered by Kim Jong-il, and that fact has added to international pressure for sanctions against a country that is run by an increasingly unstable regime.
All sanctions are specific to the government, rather than overall trade. Officials hope it will stem off some of the illegal trading in weapons and “luxury goods”, and putting an end to shady business practices by N. Korean businesses operating globally. Secretary of State Hilary Clinton stressed that it was not an attack against the citizens of the nation.
“We are aiming very specifically, after much intensive research built on what was done before but not limited to that, to target the leadership, to target their assets,” she said.
The sanctions show the edging towards a possible conflict, with the U.S. threatening “serious consequences” if another attack against the South – such as the March ship sinking that killed 46 sailors.