US, allies target N. Korea finances after rocket test

A vehicle leaving the Kaesong joint industrial zone passes through a checkpoint near the Demilitarized Zone (DMZ) separating North an South Korea on February 11, 2016The United States and its Asian allies tightened the economic screws on North Korea Thursday, with the US Senate adopting fresh sanctions and South Korean firms abandoning a joint industrial park that helped fund Pyongyang’s nuclear weapons programme. The unilateral moves, which included Japanese sanctions, came with UN Security Council members still stalled on how far to go in punishing the North for its latest nuclear test and long-range rocket launch. Following Seoul’s surprise decision to shut down the Kaesong industrial zone in North Korea, hundreds of South Korean trucks crossed the border Thursday morning to retrieve finished goods and equipment from the factories there.

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