Al Jazeera
August 31, 2010

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Barack Obama, the US president, has announced broader financial sanctions against North Korea as part of a punishment over the sinking of the South Korean warship earlier this year.

Obama on Monday signed an executive order that added one North Korean citizen and three firms to the list of frozen US assets, in addition to three citizens and five state entities under existing sanctions.

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It covers trade of conventional arms or luxury products, counterfeit currency or engage in money laundering, drug smuggling or other “illicit” activity that supports the North Korean government or its leaders.

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