"U.S. economic sanctions are imposed against North Korea for four primary reasons: (1) North Korea is seen as posing a threat to U.S. national security; (2) North Korea is designated by the Secretary of State as a state sponsor or supporter of international terrorism; (3) North Korea is a Marxist-Leninist state, with a Communist government; and (4) North Korea has been found by the State Department to have engaged in proliferation of weapons of mass destruction. In accordance with U.S. law, the United States limits some trade, denies trade in dual use goods and services, limits foreign aid, and opposes entry into or support from international financial institutions. This report explains the U.S. economic sanctions currently in place, and summarizes recent events as they relate to the potential application of additional restrictions. It will be updated as necessary."
|Report Number:||CRS Report for Congress, RL31696|
|Author:||Rennack, Dianne E.|
|Publisher:||Library of Congress. Congressional Research Service|
|Retrieved From:||Via E-mail|