The U.S. government announced a tough new set of economic
sanctions on North Korea today, banning luxury goods believed to be favored by Kim Il Jung and his personal supporters. According to the AP, the banned goods include: “ipods, cognac, Rolex watches, cigarettes, artwork, expensive cars, Harley Davidson motorcycles or even personal watercraft, such as Jet Skis.” These new
sanctions are actually imposed pursuant to a particular provision in the October U.N. Security Council Resolution authorizing new
sanctions after North Korea’s nuclear test. In theory, these
sanctions are aimed at...