US ready to ease financial restrictions on NKorea

March 3, 2007 03:34


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


The United States plans to recommend the release of a significant amount of frozen North Korean bank accounts, officials say, apparently as an enticement to keep North Korea from reneging on its pledge to scrap nuclear weapons. The Treasury Department could announce as early as next week that several million dollars (euros) connected to North Korea are not tainted by links to illegal nuclear proliferation or allegations of counterfeiting, smuggling and other crimes. The US move is expected to prompt overseas bank regulators to make available to Kim Jong Il's government $8 million (€6.1 million) to $12 million (€9.1 million) from about $24 million (€18.2 million) in blocked assets, one official said. Treasury and State Department officials spoke on condition of anonymity to describe results of a continuing Treasury review.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Bill Cosby
September 25, 2018
Bill Cosby sentenced to 3-10 years in prison for sexual assault