President Trump’s Treasury Department imposed sanctions on a Russian-based company Thursday for aiding North Korea’s nuclear weapons prog…
President Trump’s Treasury Department imposed sanctions on a Russian-based company Thursday for aiding North Korea’s nuclear weapons program.
“The United States will continue to target individuals and entities responsible for financing and supporting North Korea’s nuclear weapons and ballistic missile programs, and will continue to increase pressure on this hostile regime, ” said John Smith, director of the department’s Office of Foreign Assets Control. “Treasury is working with our allies to counter networks that enable North Korea’s destabilizing activities, and we urge our partners to take parallel steps to cut off their funding sources.”
North Korea’s weapons program looms as one of the top national security priorities for the Trump administration due to a flurry of weapons program and ballistic missile tests. The new sanctions designations are in line with Secretary of State Rex Tillerson’s promise that the United States will punish countries and entities that refuse to implement international sanctions against North Korea.
“OFAC designated Moscow-based Ardis-Bearings LLC and its director, Igor Aleksandrovich Michurin, pursuant to E.
