Home GRASP/Korea US sanctions shipping firms over North Korea trade

US sanctions shipping firms over North Korea trade

276
0
SHARE

WASHINGTON (AP) – The Trump administration imposed sanctions Wednesday on three foreign companies it says are helping North Korea with illicit shipments of goods to fund…
WASHINGTON (AP) – The Trump administration imposed sanctions Wednesday on three foreign companies it says are helping North Korea with illicit shipments of goods to fund its nuclear program.
The Treasury Department said it was taking action against the companies, which are based in China, Russia and Singapore, as well as the head of the Russian firm. The move blocks any assets that they may have in U. S. jurisdictions and bars Americans from doing business with them.
It comes as the U. S. continues to press for full compliance with international sanctions against North Korea while it continues talks with the North on ending its nuclear program.
“Treasury will continue to implement existing sanctions on North Korea, and will take action to block and designate companies, ports and vessels that facilitate illicit shipments and provide revenue streams to the DPRK,” Treasury Secretary Steven Mnuchin said.

Continue reading...