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  • 11/1/2023
North Korea is closing several embassies, including those in Spain, Hong Kong, and multiple African countries, as a result of financial struggles caused by international sanctions. This move, which includes the closure of embassies in Angola and Uganda, is expected to have significant implications for diplomatic engagement, humanitarian work, and revenue generation for North Korea. The closures reflect the impact of sanctions on funding for the country's nuclear and missile programs.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 North Korea is closing several embassies, including those in Spain, Hong Kong and multiple
00:07 African countries, as a result of financial struggles caused by international sanctions.
00:13 This move, which includes the closure of embassies in Angola and Uganda, is expected to have
00:18 significant implications for diplomatic engagement, humanitarian work and revenue generation for
00:23 North Korea.
00:25 The closures reflect the impact of sanctions on funding for the country's nuclear and
00:29 missile programs. For all things money visit Benzinga.com

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