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NEW YORK, NEW YORK (ALBOENEWS) — While in New York for the U.N. General Assembly, President Donald Trump announced plans to put in place new sanctions against North Korea, reports Reuters. This will come via an executive order which will allow the government to act against companies, banks and individuals who deal with North Korea.

Trump, however, has said that this order will not include oil.

UPDATE: China has begun compliance by having its central bank order an end to financial dealings with North Korea. (12:44 p.m. ET)

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