Pyongyang reacting to sanctions put in place by US and other nations

War risks on the rise

Political risk fears have heightened in North Korea overnight after the isolated nation repeated its threats to target US military bases as economic sanctions continue to bite.

The threats, which include nuclear warfare and rehearsed drone attacks on South Korea, are also aimed at US allies.

“From this moment, the Supreme Command of the Korean People’s Army will be putting into combat duty posture No1 all field artillery units, including long-range artillery units and strategic rocket units, that will target all enemy objects in US invasionary bases on its mainland, Hawaii and Guam,” the North’s KCNA news agency said.

According to Reuters, officials have said Japan and Australia also plan to sanction North Korea’s Foreign Trade Bank as part of US-led efforts targeting Pyongyang’s funding for its nuclear programme.

China has again called on all parties to show restraint. “At present, the situation on the Korean peninsula remains complex and sensitive,” Foreign Ministry spokesman Hong Lei said in a statement.

United Nations sanctions against North Korea were put in place following a third nuclear test by the country in February.