The U.S. President Donald Trump has signed an executive order on Thursday, adding more pressure on North Korea over its nuclear and ballistic missile testing and against anyone looking to bypass the resolutions adopted by United Nation’s Security Council (UNSC) over the last two months.

The executive order targets North Korean trade and financial institutions, and individual or entities that engage in trade with North Korea and financial institutions that facilitate this trade. Here are more details,

• The Executive Order directly targets North Korea’s shipping and trade networks and issues a 180-day ban on vessels and aircraft that have visited North Korea from visiting the United States. This ban also targets vessels that have engaged in a ship-to-ship transfer with a vessel that has visited North Korea within 180 days. North Korea is dependent on its shipping networks to facilitate international trade.
  
• The Executive Order provides the authority to impose sanctions on any foreign financial institution that knowingly conducts or facilitates any significant transaction on behalf of certain designated individuals and entities, or any significant transaction in connection with trade with North Korea, on or after the date of the Executive Order.
  
• Under this new authority, the sanctions measures can be either restrictions on correspondent or payable-through accounts or blocking sanctions.
  
• The Executive Order also provides the Secretary of the Treasury, Steven Mnuchin additional authority to block any funds originating from, destined for, or passing through accounts linked to North Korea that come within the United States or possession of a U.S. person.

The new sanction along with resolution passed by the UNSC likely to bring tremendous hardship to North Korea and its people, however, it is not clear at this point whether the current hostile environment would actually bring the Kim regime of North Korea to the negotiating table or not.