U.S. Hits North Korea With Sanctions After Missile Test
Published Date: 1/12/2022
Source: Bloomberg Quicktake: Now
The Biden administration on Wednesday slapped sanctions on five North Korean officials in its first response to Pyongyang’s latest ballistic missile test. The Treasury Department announced it was imposing penalties on the officials over their roles in obtaining equipment and technology for the North’s missile programs. In addition, the State Department ordered sanctions against another North Korean, a Russian man and a Russian company for their broader support of North Korea’s weapons of mass destruction activities. The moves came just hours after North Korea said its leader Kim Jong Un oversaw a successful flight test of a hypersonic missile on Tuesday that he claimed would greatly increase the country’s nuclear “war deterrent.” One of the five North Koreans targeted by Treasury is based in Russia, while the other four are based in China. All are accused of providing money, goods or services to North Korea’s Second Academy of Natural Sciences, which Treasury says is heavily involved in the country’s military defense programs. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Subscribe to our newest channel Quicktake Explained: https://bit.ly/3iERrup Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake