Obama's executive order will impose sanctions on North Korea in response to Sony hack

JEREMY BENDER --- Business Insider 

The US will impose sanctions on North Korea in response to the Sony hack. 

The sanctions, imposed by an executive order signed by President Obama, will target ten North Korean officials and three government entities.

The sanctions are in response to the December hack on Sony that the US blamed on North Korea. 

The White House Press Office has released the following statement: 

Today, the President issued an Executive Order (E.O.) authorizing additional sanctions on the Democratic People’s Republic of Korea. This E.O. is a response to the Government of North Korea’s ongoing provocative, destabilizing, and repressive actions and policies, particularly its destructive and coercive cyber attack on Sony Pictures Entertainment.

The E.O. authorizes the Secretary of the Treasury to impose sanctions on individuals and entities associated with the Government of North Korea. We take seriously North Korea’s attack that aimed to create destructive financial effects on a U.S. company and to threaten artists and other individuals with the goal of restricting their right to free expression.

As the President has said, our response to North Korea's attack against Sony Pictures Entertainment will be proportional, and will take place at a time and in a manner of our choosing. Today's actions are the first aspect of our response.

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