Economics

Obama Widens North Korea Sanctions on Nuclear Funding

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President Barack Obama widened U.S. financial sanctions on North Korea today in an effort to cut off sources of income that fund the nuclear weapons program of the regime’s leader, Kim Jong Il.

The U.S. will freeze the assets of four North Koreans, three of the country’s companies and five government agencies suspected of “illicit and deceptive activities” that support the regime’s weapons industry, according to an executive order posted on the Treasury Department’s website.