US Imposes New Sanctions on Chinese, Russian Entities over North Korea
The US Department of the Treasury announced new sanctions targeting Chinese and Russian entities and individuals that help fund and facilitate North Korea's nuclear and ballistic missile programs
IsraelDefense
| 23/08/2017
The launch of a Hwasong-14 intercontinental ballistic missile in North Korea (Photo: AP)
The United States on Tuesday announced new sanctions on 16 entities and individuals for their alleged ties to North Korea's nuclear weapons program. Most companies and individuals are based in China and Russia, with the exception of one individual from North Korea, one Namibian company under North Korean control, one Namibian entity under Chinese control, and two companies based in Singapore.
The designations complement a recent UN Security Council resolution sanctioning North Korea for its two intercontinental ballistic missile tests in July, according to Yonhap News.
The targeted individuals and companies are suspected of assisting people already sanctioned for their ties to North Korea's nuclear and ballistic missile programs, dealing in the North Korean energy trade, facilitating its exportation of workers, and enabling sanctioned North Korean entities to access the US and international financial systems.
"Treasury will continue to increase pressure on North Korea by targeting those who support the advancement of nuclear and ballistic missile programs, and isolating them from the American financial system," Treasury Secretary Steven T. Mnuchin said in a statement. "It is unacceptable for individuals and companies in China, Russia, and elsewhere to enable North Korea to generate income used to develop weapons of mass destruction and destabilize the region."
Under the new measures, any property or interests belonging to the designated persons, which are in the possession or control of American citizens or within the US, must be blocked, according to the statement.
The sanctions were drawn up in response to North Korea's "ongoing development of weapons of mass destruction, violations of United Nations Security Council Resolutions, and attempted evasion of US sanctions," the statement said.
[Source: Yonhap News]
The US Department of the Treasury announced new sanctions targeting Chinese and Russian entities and individuals that help fund and facilitate North Korea's nuclear and ballistic missile programs
The launch of a Hwasong-14 intercontinental ballistic missile in North Korea (Photo: AP)
The United States on Tuesday announced new sanctions on 16 entities and individuals for their alleged ties to North Korea's nuclear weapons program. Most companies and individuals are based in China and Russia, with the exception of one individual from North Korea, one Namibian company under North Korean control, one Namibian entity under Chinese control, and two companies based in Singapore.
The designations complement a recent UN Security Council resolution sanctioning North Korea for its two intercontinental ballistic missile tests in July, according to Yonhap News.
The targeted individuals and companies are suspected of assisting people already sanctioned for their ties to North Korea's nuclear and ballistic missile programs, dealing in the North Korean energy trade, facilitating its exportation of workers, and enabling sanctioned North Korean entities to access the US and international financial systems.
"Treasury will continue to increase pressure on North Korea by targeting those who support the advancement of nuclear and ballistic missile programs, and isolating them from the American financial system," Treasury Secretary Steven T. Mnuchin said in a statement. "It is unacceptable for individuals and companies in China, Russia, and elsewhere to enable North Korea to generate income used to develop weapons of mass destruction and destabilize the region."
Under the new measures, any property or interests belonging to the designated persons, which are in the possession or control of American citizens or within the US, must be blocked, according to the statement.
The sanctions were drawn up in response to North Korea's "ongoing development of weapons of mass destruction, violations of United Nations Security Council Resolutions, and attempted evasion of US sanctions," the statement said.
[Source: Yonhap News]
