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| China-Japan-Koreas |
| U.S. Extends Sanctions on N.Korea for Another Year |
| 2010-06-17 |
| The U.S. on Tuesday decided to extend economic sanctions against North Korea for another year. In a letter to Congress, President Barack Obama said he is extending economic sanctions, calling the North's nuclear program an "extraordinary threat." The sanctions, which are in effect under the International Emergency Economic Powers Act, expire on June 26. "The existence and the risk of proliferation of weapons-usable fissile material on the Korean Peninsula continued to pose an unusual and extraordinary threat to the national security and foreign policy of the United States,' Obama said. Former president George W. Bush took the North off a list of state sponsors of terrorism and decided to suspend application of the Trading with the Enemy Act in June 2008 in the process of inspecting the North's nuclear weapons program. But he left in place other financial restrictions, including freezing North Korean assets, through an executive order. Under the renewed order, North Korea-related assets in the U.S. will remain frozen and Americans will be banned from owning or leasing North Korean-registered ships. This is the second time Obama has extended the order. Deputy spokesman for the National Security Council Benjamin Chang said, "In taking this action, our purpose remains to employ every available appropriate tool to achieve the complete and verifiable elimination of North Korea's nuclear weapons and programs." |
| Posted by:Steve White |
| #1 Since "Sanctions" Don't seem to be doing a damn thing WHY? |
| Posted by: Redneck Jim 2010-06-17 13:31 |