A new multiple launch rocket system is test fired in this undated photo released by North Korea`s Korean Central News Agency (KCNA) in Pyongyang March 4, 2016
The South Korean government appreciates the move by the United States, the Foreign Ministry said, stressing that this reflects the US government`s adherence to UN Security Council resolution 2270 and the sanctions it stipulates with the aim of denuclearizing the Korean peninsula.
UN Security Council resolution 2270 was adopted in March in response to North Korea`s nuclear weapon test carried out in January. The North Korean authorities use the country’s financial institutions to support the proliferation of ballistic missiles and weapons of mass destruction, and disregard anti-money laundering activities, according to the US Treasury.
The South Korean government will continue to strengthen sanctions against its northern neighbor in order to bring about genuine denuclearization, the Foreign Ministry said.
Tensions over North Korea`s nuclear and ballistic missile programs escalated after Pyongyang said on January 6 that it had successfully carried out a hydrogen bomb test and put a satellite into orbit on February 7, violating UN Security Council resolutions and triggering condemnation from the international community in both cases.
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