 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| . |  |
. |
 by Staff Writers Washington (AFP) Jan 24, 2018
The United States slapped new sanctions on North Korean and Chinese firms and individuals that it said support the Pyongyang regime of Kim Jong-Un and his nuclear weapons program. The move comes as the US seeks to choke the flow of goods and materials crucial to North Korea's economy like oil, electronics and metals, and pressure Kim to halt the development of nuclear weapons that threaten the region and potentially the US mainland. The new sanctions issued by the US Treasury included representatives of North Korean companies and banks mostly based in China and Russia; North Korean shipping companies and six specific vessels; and two Chinese trading firms. "Treasury continues to systematically target individuals and entities financing the Kim regime and its weapons programs, including officials complicit in North Korean sanctions evasion schemes," Treasury Secretary Steve Mnuchin said in a statement. Following UN sanctions, Mnuchin said, "the US government is targeting illicit actors in China, Russia, and elsewhere who are working on behalf of North Korean financial networks, and calling for their expulsion from the territories where they reside. "We are sanctioning additional oil, shipping, and trading companies that continue to provide a lifeline to North Korea to fuel this regime's nuclear ambitions and destabilizing activities." The sanctions seek to lock those named out of the global economy by banning US individuals and companies -- including foreign banks and trading firms with US entities -- from doing business with them. - North Korean traders and bankers - Ten of the individuals listed for sanctions were representatives of Korea Ryonbong General Corporation, a UN-designated company that makes acquisitions and supports sales for the North Korea defense industry. Most were based in Chinese cities on the border with North Korea, nearby Russian cities, where they helped arrange shipping of materials and goods to North Korea. One Ryonbong representative was based in Abkhazia, Georgia, where according to the Treasury he arranged to deploy North Korean workers, which Pyongyang uses to obtain foreign currency. Five others worked for North Korean banks in the northern Chinese cities of Dalian and Shenyang, and in Vladivostok, Russia. Two Chinese businesses, Beijing Chengxing Trading Co. and Dandong Jinxiang Trade Co., were placed on the sanctions blacklist sales of everything from high purity metals to used computers to North Korean businesses already named for sanctions. Five North Korean shipping companies and six vessels were also blacklisted, as the US targets efforts by Pyongyang to obtain needed materials like oil and coal via ship to ship transfers from foreign vessels on the high seas. The sanctions also included the North Korean Ministry of Crude Oil Industry, which could affect any foreign oil supplier doing business with the ministry. - Frustrated with China, Russia - The new sanctions represent Washington's frustrations that both China and Russia continue to enable or turn a blind eye to their own companies and shippers still doing business with North Korea. That serves to erode the impact of sanctions designed to slow Pyongyang's nuclear weapons and missiles program, and press Kim into negotiations. Earlier Wednesday a senior US Treasury official warned Hong Kong authorities Wednesday they must stop the city being used as a "safe harbor" for illicit trade with North Korea, in violation of United Nations sanctions.
N. Korea says will celebrate military on eve of OlympicsSeoul (AFP) Jan 23, 2018 North Korea will mark the foundation of its regular army on February 8, its state media said Tuesday - which will be the day before the Winter Olympics open in the South. Reports and officials say that Pyongyang could be preparing a military parade as a display of strength ahead of the sporting festival, which has triggered a rare rapprochement between the two halves of the divided peninsul ... read more Related Links Learn about nuclear weapons doctrine and defense at SpaceWar.com Learn about missile defense at SpaceWar.com All about missiles at SpaceWar.com Learn about the Superpowers of the 21st Century at SpaceWar.com
|
|||||||||||||
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |
del.icio.us
Digg
Reddit
Google
