11 March 2013/28 Raby’ ath-Thani 1434/21 Esfand 1391/30 Yi-Mao 4711

Both the United States and Republic of Korea (ROK) have imposed new economic sanctions against the Democratic People’s Republic of Korea (DPRK).  The United Nations is already working on more sanctions.

President Barack Obama has added the Foreign Trade Bank of North Korea to sanctions.  This means the bank can not continue transactions with U.S. banks. It also includes four individuals and the Korean Workers’ Party.

Earlier in the day there were reports that South Korea imposed their own new financial sanctions against the North.