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US Has Multiple Paths for Sanctions Against North Korea
By Colby Adams
printAlthough American financial institutions and the North Korean government rarely cross paths, U.S. officials have numerous avenues to sanction the Asian country for its latest nuclear weapons test, say attorneys. On Tuesday, President Obama told lawmakers that his administration would take "firm action" against North Korea for its detonation of a nuclear bomb earlier in the day. The threat comes less than a month after the U.S. Treasury Department blacklisted two China-based representatives of a North Korean bank for its role in a Dec. 12 ballistic missile test. Punitive steps are imminent, but "as a practical matter, new trading sanctions...
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