video transcript

The U.S. Treasury is imposing sanctions against North Korea's Foreign Trade Bank, for its role in supporting Pyongyang's weapons of mass destruction program. In an address to the Asia Society, National Security Adviser Tom Donilon also underscored that the US would not tolerate a nuclear armed North Korea. (SOUNDBITE) (English) UNITED STATES NATIONAL SECURITY ADVISER, TOM DONILON, SAYING: "The United States will not accept North Korea as a nuclear state; nor will we stand by while it seeks to develop a nuclear-armed missile that can target the United States." Donilon added that Washington was willing to talk. (SOUNDBITE) (English) UNITED STATES NATIONAL SECURITY ADVISER, TOM DONILON, SAYING: "The United States is prepared to sit down with North Korea to negotiate and to implement the commitments that they and the United States have made. We ask only that North Korea prove its seriousness by taking meaningful steps to show it will abide by its commitments, honor its words, and respect international law." North Korea has shown increasing defiance in recent weeks, carrying out a nuclear test and making threats of military action.