News / Asia

    US Imposes Sanctions on North Korea’s Trade Bank

    Larry Freund
    President Obama’s National Security Advisor Tom Donilon said Monday the United States refuses to reward what he called “bad behavior by North Korea,” and announced the imposition of U.S. sanctions against North Korea’s primary foreign exchange bank.
     
    Donilon said the United States has made clear it is open to authentic negotiations with North Korea, but has only seen provocations and extreme rhetoric in return. Unless North Korea changes its course, the White House advisor added, the United States will continue to work with allies and partners to tighten national and international sanctions to impede North Korea’s nuclear and missile programs.

    “Today, in fact, the Treasury Department is announcing the imposition of U.S. sanctions against the Foreign Trade Bank of North Korea, the country’s primary foreign exchange bank, for its role in supporting North Korea’s weapons of mass destruction program," he said.

    "By now it is clear that the provocations, escalations and poor choices of North Korea’s leaders are not only making their country less secure - they are condemning their people to a level of poverty that stands in stark contrast not only to South Korea, but every other country in East Asia,” Donilon added.

    Members of the United Nations Security Council vote to tighten sanctions on North Korea in New York, Mar. 7, 2013.Members of the United Nations Security Council vote to tighten sanctions on North Korea in New York, Mar. 7, 2013.
    x
    Members of the United Nations Security Council vote to tighten sanctions on North Korea in New York, Mar. 7, 2013.
    Members of the United Nations Security Council vote to tighten sanctions on North Korea in New York, Mar. 7, 2013.
    Last week, the United Nations Security Council adopted a resolution strengthening sanctions against North Korea, action labeled an act of war by North Korea. Adoption of the U.N. resolution followed North Korea’s third nuclear test, which violated previous U.N. resolutions.

    In a statement on the sanctions against North Korea’s Foreign Trade Bank, the U.S. Treasury Department says it is targeting what it describes as a key financial node in North Korea’s weapons of mass destruction apparatus and cutting it off from the U.S. financial system.

    UN Security Council Resolution 2094

    • Condemns in strongest terms North Korea's ongoing nuclear activities
    • Imposes new financial sanctions to block transactions in support of illicit activities
    • Strengthens states' authority to inspect cargo, deny port, overflight access
    • Enables stronger enforcement of sanctions by U.N. member states
    • Imposes sanctions on new individuals and entities
    In a speech to the Asia Society, a private educational organization, Obama advisor Donilon reviewed what the White House has described as a rebalancing of U.S. power toward Asia. He said the U.S. commitment to the Asia-Pacific region will not be affected by financial pressures and defense budget reductions. Turning to U.S. relations with China, Donilon said the two countries have made substantial progress in building a constructive relationship over the past four years. He called for a deeper military-to-military dialogue between the United States and China.

    “It remains a necessary component of the model we seek and is a critical deficiency in our current relationship," said Donilon. "The military-to-military relationship between the United States and China lags behind the economic and political and diplomatic relationship that we have, and it needs to be corrected. You can’t have a comprehensive, positive relationship and not have the kind of military-to-military deep dialogue that is necessary.”

    Donilon also urged China to take serious steps to investigate and put a stop to cyber-enabled theft, and to engage with the U.S. in what he termed a constructive direct dialogue to establish acceptable norms of behavior in cyberspace.

    You May Like

    Video As Refugees Perish, Greek Graveyards Fill

    Before burial at overflowing cemeteries, unidentified dead being swapped for DNA, in case some day relatives come to learn their fate

    Russian Opposition Leader Sues Putin for Conflict of Interest

    Alexei Navalny tells VOA in exclusive interview why transfer of $2 billion from country’s wealth fund to company with ties to President Putin’s son-in-law triggered lawsuit

    Clinton, Sanders Fight for African American Votes

    Some African American lawmakers lining up to support Clinton in face of perceived surge by Sanders in race for Democratic nomination in presidential campaign

    This forum has been closed.
    Comment Sorting
    Comments
         
    by: Dale from: Australia
    March 11, 2013 7:14 PM
    Words, words, hot air and nothing else. I've been hearing the same empty rethoric from the west for decades, and yet the world has been seeing a sharp increase on the number of extremist and dictatorship governments taking over. I'm afraid we have gone past the point where something could have been done, and I see the western civilization coming to an end within one generation.

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    As Refugees Perish, Greek Graveyards Filli
    X
    Hamada Elsaram
    February 11, 2016 8:01 PM
    Aid workers on the Greek island of Lesbos say they are struggling to bury the increasing number of bodies of refugees that have been recovered or washed up ashore in recent months.  The graveyards are all full, they say, yet as tens of thousands of people clamor to get out of Syria, it is clear refugees will still be coming in record numbers. For VOA, Hamada Elrasam reports from Lesbos, Greece.
    Video

    Video As Refugees Perish, Greek Graveyards Fill

    Aid workers on the Greek island of Lesbos say they are struggling to bury the increasing number of bodies of refugees that have been recovered or washed up ashore in recent months.  The graveyards are all full, they say, yet as tens of thousands of people clamor to get out of Syria, it is clear refugees will still be coming in record numbers. For VOA, Hamada Elrasam reports from Lesbos, Greece.
    Video

    Video To Fight Zika, Scientists Target Mosquitoes

    Mosquitoes strike again. The Zika virus outbreak is just the latest headline-grabbing epidemic carried by these biting pests, but researchers are fighting back with new ways to control them. VOA's Steve Baragona takes a look.
    Video

    Video Mosul Refugees Talk About Life Under IS

    A top U.S. intelligence official told Congress this week that a planned Iraqi-led operation to re-take the city of Mosul from Islamic State militants is unlikely to take place this year. IS took over the city in June 2014, and for the past year and a half, Mosul residents have been held captive under its rule. VOA's Zana Omar talked to some families who managed to escape. Bronwyn Benito narrates his report.
    Video

    Video Scientists Make Progress Toward Better Diabetes Treatment, Cure

    Scientists at two of the top U.S. universities say they have made significant advances in their quest to find a more efficient treatment for diabetes and eventually a cure. According to the International Diabetes Federation, the disease affects more than 370 million people worldwide. VOA’s George Putic reports.
    Video

    Video NATO to Target Migrant Smugglers

    NATO has announced plans to send warships to the Aegean Sea to target migrant smugglers in the alliance's most direct intervention so far since a wave of people began trying to reach European shores.
    Video

    Video Russia's Catholics, Orthodox Hopeful on Historic Pope-Patriarch Meeting

    Russia's Catholic minority has welcomed an historic first meeting Friday in Cuba between the Pope and the Patriarch of Russia's dominant Orthodox Church. The Orthodox Church split with Rome in 1054 and analysts say politics, both church and state, have been driving the relationship in the centuries since. VOA's Daniel Schearf reports from Moscow.
    Video

    Video Used Books Get a New Life on the Streets of Lagos

    Used booksellers are importing books from abroad and selling them on the streets of Africa's largest city. What‘s popular with readers may surprise you. Chris Stein reports from Lagos.
    Video

    Video After NH Primaries All Eyes on South Carolina

    After Tuesday's primary in New Hampshire, US presidential candidates swiftly turned to the next election coming up in South Carolina. The so-called “first-in-the-South” poll may help further narrow down the field of candidates. Zlatica Hoke reports.
    Video

    Video US Co-ed Selective Service Plan Stirs Controversy

    Young women may soon be required to register with the U.S. Selective Service System, the U.S. government agency charged with implementing a draft in a national emergency. Top Army and Marine Corps commanders told the Senate Armed Services Committee recently that women should register, and a bill has been introduced in Congress requiring eligible women to sign up for the military draft. The issue is stirring some controversy, as VOA’s Bernard Shusman reports from New York.
    Video

    Video Lessons Learned From Ebola Might Help Fight Zika

    Now that the Ebola epidemic has ended in West Africa, Zika has the world's focus. And, as Carol Pearson reports, health experts and governments are applying some of the lessons learned during the Ebola crisis in Africa to fight the Zika virus in Latin America and the Caribbean.
    Video

    Video Smartphone Helps Grow Vegetables

    One day, you may be using your smartphone to grow your vegetables. A Taipei-based company has developed a farm cube — a small, enclosed ecosystem designed to grow plants indoors. The environment inside is automatically adjusted by the cube, but it can also be controlled through an app. VOA's Deborah Block has more on the gardening system.
    Video

    Video Illinois Voters Have Mixed Emotions on Obama’s Return to Springfield

    On the ninth anniversary of the launch of his quest for national office, President Barack Obama returned to Springfield, Illinois, to speak to the Illinois General Assembly, where he once served as state senator. His visit was met with mixed emotions by those with a front-row seat on his journey to the White House. VOA's Kane Farabaugh reports.
    Video

    Video Exhibit Turns da Vinci’s Drawings Into Real Objects

    In addition to being a successful artist, Renaissance genius Leonardo da Vinci designed many practical machines, some of which are still in use today, although in different forms. But a number of his projects were never realized — until today. VOA’s George Putic reports.
    Video

    Video Heated Immigration Debate Limits Britain’s Refugee Response

    Compared to many other European states, Britain has agreed to accept a relatively small number of Syrian refugees. Just over a thousand have arrived so far -- and some are being resettled in remote corners of the country. Henry Ridgwell reports on why Britain’s response has lagged behind its neighbors.
    Video

    Video Russia's Car Sales Shrink Overall, But Luxury and Economy Models See Growth

    Car sales in Russia dropped by more than a third in 2015 because of the country's economic woes. But, at the extreme ends of the car market, luxury vehicles and some economy brands are actually experiencing growth. VOA's Daniel Schearf reports from Moscow.