United States Imposes Additional Sanctions Against North Korea

United States Imposes Additional Sanctions Against North Korea

September 22, 2017, Covington Alert

President Trump has issued an Executive Order (“the Order”), effective September 21, 2017, imposing additional sanctions on persons doing business in certain sectors of the North Korean economy or engaging in certain trade or financial activities involving North Korea. President Trump issued the Order in response to North Korea’s recent intercontinental ballistic missile launches and September 2 nuclear test, its use of funds from foreign trade to support these weapons programs, and its human rights abuses. The Order builds on sanctions imposed last month through the Countering America’s Adversaries Through Sanctions Act, which is described in our July 28 client alert.