# Sanctions on North Korea ### [[Wikipedia]] page summary https://www.wikiwand.com/en/Sanctions_against_North_Korea#/China ### Increase the cost of getting [[Remittances]] into [[North Korea]] ![[North Korea Remittances#^7e97cf]] ### EU turning screw on North Korea by slashing wire transfer limit https://www.youtube.com/watch?v=UuFVgshHieU The Japanese daily, Yomiuri Shimbun, reported Tuesday that the EU plans to reduce the transfer limit from the current 18-thousand U.S. dollars to six thousand per person. ##### Punitive measures like these (similar to sanctions) only hurts the people - The policymakers are retarded, it's not about nuclear weapons and missiles, it's about enabling the families of defectors to live ### "What to Know About Sanctions on [[North Korea]]" https://www.cfr.org/backgrounder/what-know-about-sanctions-north-korea During his first year in office, President Trump authorized the Treasury Department to block from the U.S. financial system any foreign business or individual that facilitates trade with North Korea as part of the administration’s “maximum pressure” campaign. “Foreign financial institutions are now on notice that, going forward, they can choose to do business with the United States or with North Korea, but not both,” said Treasury Secretary Steven Mnuchin. Analysts say the heightened measures are designed to counteract sanctions-evasion tactics and push Kim back to the negotiating table. In 2018, Kim agreed to a flurry of summitry with South Korea and the United States. From 1988 to 2008, the United States labeled North Korea a state sponsor of terrorism, an official designation that placed another layer of sanctions on the regime. President George W. Bush removed North Korea from the list as part of denuclearization negotiations, but in November 2017 President Trump announced he would return North Korea to the list. The move followed the assassination of Kim Jong-un’s half-brother in Malaysia and the death of Otto Warmbier, an American student who had been detained in North Korea. The others on the list are Iran, Sudan, and Syria. ![[Pasted image 20211202182806.png]]