U.S. hits North Korea with huge new sanctions in response to Sony hack

The United States just struck back against North Korea for its alleged role in the hack of Sony Pictures. In official statement released on Friday, U.S. president Barack Obama said he was signing an executive order authorizing stiff sanctions against North Korea for its “ongoing provocative, destabilizing, and repressive actions and policies, particularly its destructive and coercive cyber attack on Sony Pictures Entertainment.” 

Bloomberg reports that the order targets 10 individuals in North Korea along with three state agencies and effectively authorizes the Treasury Department to “block the individuals and agencies from accessing the U.S. financial system and banning U.S. citizens from engaging in business with them.” 

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