(NSI News Source Info) TORONTO, Canada - August 30, 2010: US President Barack Obama will sign an executive order on Monday mandating new financial sanctions on North Korea, senior administration officials say.The sanctions will hit three North Korea state-owned entities and one individual, targeting the trade in arms, luxury goods and narcotics.
The new sanctions come after the sinking of a South Korean warship in March, in which 46 sailors died.
North Korea has denied responsibility for the sinking.
Secretary of State Hillary Clinton announced last month that US sanctions against North Korea would be expanded.
The US has tried to drive international efforts to stop North Korea's efforts to build nuclear weapons.
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