Imposing Additional Sanctions With Respect to North Korea
Headline: Sanctions Ordered Targeting North Korea Trade, Banks, and Travelers
What it does: The order directs the Treasury secretary to impose sanctions and requires all federal agencies to implement them.
- Freezes assets of companies operating in specified North Korean industries.
- Bans aircraft and vessels linked to recent North Korea visits from U.S. ports for 180 days.
- Allows the Treasury to restrict foreign banks that facilitate North Korea transactions.
Summary
This order imposes new economic and travel sanctions on people and entities linked to North Korea. It blocks property, freezes funds, bans certain airplanes and ships that recently visited North Korea, and suspends entry of people who meet the order's criteria.
Those affected include companies operating in listed North Korean industries, ports and exporters/importers, foreign banks that handle North Korean funds, and foreign nationals meeting the criteria. The order aims to disrupt funding for North Korea's weapons programs and protect U.S. national security and foreign policy interests.
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