US slaps more sanctions on North Korea after Sony hack

By REUTERS
January 3, 2015 01:13

 
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HONOLULU/WASHINGTON - North Korea was hit with more sanctions on Friday designed to impede access to the US financial system in the wake of a cyberattack on Sony Pictures Entertainment, which the Obama Administration has said was supported by the reclusive country.

The US government named three entities, including North Korea's military intelligence agency, and sanctioned 10 people with links to weapons sales and proliferation.

Financial sanctions have been effective in bringing pressure on Iran and Russia, but they have had limited impact on North Korea, which has been sanctioned by the United States for more than 50 years.

"It's not as if they travel a lot abroad to western Europe or the United States ... They don't have billions of dollars in western banks," said Joel Wit of 38North, part of the US Korea Institute at Johns Hopkins University in Washington.

Pyongyang has denied involvement in the cyberattack. Washington said there was no evidence that any of the three entities or the individuals were linked to it.

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