As a direct result of nuclear and ballistic weapons tests conducted by the Democratic Peoples’ Republic of North Korea earlier this year, the United Nations, the European Union and the United States imposed increased sanctions against the country. These new restrictions affect various industries, including minerals, energy, shipping, banking, finance, and aviation.
In keeping with Reed Smith’s continued efforts to keep clients abreast of the latest global developments in sanctions enforcement, the firm recently issued a client alert that details the various actions taken against North Korea. For more information on this topic, and an understanding of how your business may be affected, please click here.