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As part of a broad effort to further isolate North Korea, the Treasury Department on Tuesday placed sanctions on Chinese and Russian individuals and firms it said had conducted business with the country in ways that advanced its missile and nuclear weapons program.
The sanctions against 10 companies and six individuals are designed to disrupt the economic ties that have allowed Pyongyang to continue funding its missile and nuclear program despite strict United Nations sanctions prohibiting it.
U.S. sanctions, even though they are imposed by just one country, have an outsized influence because most international banking is conducted in U.S. dollars. The measures prohibit U.S. citizens and companies from doing business with the sanctioned companies.
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This July 28, 2017 photo distributed by the North Korean government shows what was said to be the launch of a Hwasong-14 intercontinental ballistic missile at an undisclosed location in North Korea. (AP/AP)
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