U.S. to soon adopt new financial sanctions against DPRK: senior official

19:55, August 02, 2010      

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The United States will soon adopt new financial sanctions on the Democratic People's Republic of Korea ( DPRK), hoping that the moves will be strong enough to deter further aggression and encourage it to abandon its nuclear weapons program, a senior U.S. envoy said here on Monday.

Washington will soon announce new sanctions on the DPRK that could isolate its entities and individuals suspected of illicit activities from the international financial and commercial system, said Robert Einhorn, U.S. State Department's special adviser for nonproliferation and arms control, during a press conference here later in the day.

"Our hope is that these measures will be effective, that they will provide strong incentives for North Korea (DPRK)'s leaders to abide by their international obligations not to pursue any provocative activities and to fulfill completely their commitments to denuclearization of the Korean Peninsula," he said.

Einhorn, who is on a three-day visit to Seoul to coordinate stance with Seoul's government on new sanctions against the DPRK, accused the DPRK of developing its nuclear or military programs and purchasing luxury goods by hundreds of millions of dollars obtained through "illicit activities", such as "counterfeiting U.S. dollars", which DPRK denies, and trade in conventional weapons.

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