U.S. unlikely to enact direct financial sanctions on N.Korea

By · July 26, 2010 · 1 Comment
Economic · Tagged: , , , , , , , , , ,

Within two weeks, the White House reportedly rules out plans to designate and freeze specific bank accounts with links to North Korean.A high-ranking diplomatic source familiar with the inner workings of the U.S. government said Friday that, as he understands the situation, the White House, rather than linking all North Korean bank accounts together, was considering a plan that would place specific North Korean companies and institutions on the sanctions list and prevent financial institutions around the world from dealing with them.A different high-ranking official also said the United States would not concretely reveal that it was going after specific accounts.
This means the additional U.S. sanctions would not include direct financial sanctions such as those leveled against the Banco Delta Asia (BDA).  (Hankyoreh)http://english.hani.co.kr/arti/english_edition/e_national/431913.html

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