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Sanctions Threaten North Korea’s Old and New Elites

By all accounts, North Korea’s cash-strapped economy is flagging under crippling international sanctions and the slowdown means the traditional elite and a rising merchant class may be feeling pinched, experts say. “The elites in Pyongyang are really feeling it,” said Joshua Stanton, a Washington attorney who helped draft the North Korean Sanctions Enforcement Act in 2016. “They’re having a very tough time right now. I think they’re losing their wealth rapidly. And they’re concerned...

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