U.S. Hits North Korea With Sanctions After Missile Test

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Bloomberg Quicktake: Now published this video item, entitled “U.S. Hits North Korea With Sanctions After Missile Test” – below is their description.

The Biden administration on Wednesday slapped sanctions on five North Korean officials in its first response to Pyongyang’s latest ballistic missile test.

The Treasury Department announced it was imposing penalties on the officials over their roles in obtaining equipment and technology for the North’s missile programs. In addition, the State Department ordered sanctions against another North Korean, a Russian man and a Russian company for their broader support of North Korea’s weapons of mass destruction activities.

The moves came just hours after North Korea said its leader Kim Jong Un oversaw a successful flight test of a hypersonic missile on Tuesday that he claimed would greatly increase the country’s nuclear “war deterrent.”

One of the five North Koreans targeted by Treasury is based in Russia, while the other four are based in China. All are accused of providing money, goods or services to North Korea’s Second Academy of Natural Sciences, which Treasury says is heavily involved in the country’s military defense programs.

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It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

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