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Trump Administration Slaps North Korea with Fresh Sanctions on Banks and Bank Workers

The U.S. announced on Tuesday new sanctions against North Korea, which came a week after placing other penalties on the rogue nation among increasing tensions.

In an attempt to stall Kim Jong Un’s development of nuclear weapons, the Trump administration placed sanctions on eight North Korean banks, along with 26 individuals “linked to North Korean financial networks.”

Treasury Secretary Steven Mnuchin said in a statement: “This further advances our strategy to fully isolate North Korea in order to achieve our broader objectives of a peaceful and denuclearized Korean peninsula.”

“This action is also consistent with U.N. Security Council Resolutions,” he added.

The U.S. hit North Kroea with fresh sanctions just a week ago, which looked to expand the ability to target individuals and companies that do business with the hostile nation.

On Monday, North Korea called the president’s rhetoric a “declaration of war,” an allegation the White House called “absurd.”

President Trump maintained that while using a military option is not his first choice he could “totally destroy North Korea” if provoked.