US to announce new North Korea-related sanctions today

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An undated photo released by the official North Korean Central News Agency (KCNA) on Nov 27, 2022, shows North Korean leader Kim Jong Un (second from right, walking with his daughter - presumed to be his second child, Ju-ae (right) - during a photo session with the contributors to the successful test-fire of new-type ICBM Hwasongpho-17 at an undisclosed location in North Korea.

North Korean leader Kim Jong Un (second from right, walking with his daughter, after a successful missile test.

PHOTO: KCNA

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WASHINGTON - The Biden administration plans to issue new sanctions against North Korea to punish Pyongyang for recent missile tests, according to two people familiar with the matter.

North Korea is already under comprehensive US sanctions, so it isn’t clear what else in the country the administration can target. One of the people said the new sanctions would focus on Pyongyang’s revenue, without elaborating.

The people asked not to be identified ahead of an official announcement. BLOOMBERG

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