New North Korea sanctions will target the banking sector in order to curtail the purchase and sale of weapons. The US-imposed sanctions also aim to stop the import of luxury goods for the elite surrounding leader Kim Jong-il.
Seoul, South Korea
Robert Einhorn, whose title is special adviser on proliferation and arms control at the State Department, said the strengthened measures were to keep North Korea from getting funds for its nuclear and missile programs and also to stop the import of luxury goods for the elite surrounding North Korean leader Kim Jong-il.
North Korea is earning “hundreds of millions of dollars in hard currency annually” from exports of illicit goods, ranging from missiles to narcotics, and much of the money supports its “nuclear or military programs” as well as “luxury goods purchases,” he said, after discussing the latest US actions with South Korean officials in the capital.
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