Continuing Certain Restrictions With Respect to North Korea and North Korean Nationals
Continues Sanctions and Ship Restrictions on North Korea and Nationals
What it does
Agencies must block specified North Korean property, ban U.S. persons from dealing with North Korean-flagged vessels, and enforce evasion prohibitions.
Real-world impact
- Freezes previously blocked North Korean assets and interests of North Korean nationals.
- Stops U.S. citizens and companies from registering or operating North Korean ships.
- Requires federal agencies to adopt rules and report to Congress on the emergency.
Topics
Summary
This order declares a national emergency over the risk of weapons-usable fissile material on the Korean Peninsula and continues certain restrictions with respect to North Korea.
It blocks property and assets of North Korea and North Korean nationals that were already frozen, and it prohibits United States persons from registering, flying the flag of, owning, leasing, operating, or insuring vessels flagged by North Korea.
The Secretary of the Treasury, after consulting the Secretary of State, is authorized to issue rules and all agencies must take measures to enforce the order.
Questions, answered
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