US Imposes Sanctions on China and Russia Over North Korea's Nuclear Program

22 August, 2017, 21:40 | Author: Terri Saunders

The sanctions specifically targeted 10 entities and six individuals.

The Trump administration announced new sanctions against China and Russian Federation on Tuesday as part of its campaign to pressure North Korea to stop its development of nuclear weapons and missiles.

"Treasury will continue to put 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 Mnuchin said in a statement accompanying the sanctions announcement.

The actions include targeting major coal exporters that North Korea leader Kim Jong Un allegedly relies on to help fund his nuclear weapons and ballistic missile programs.

"The sanctions target a range of North Korea's illicit activities and the focus on Chinese facilitators is another message to Beijing", said Anthony Ruggiero, a Foundation for Defense of Democracies senior fellow and former U.S. Treasury official.

US Seeks to Seize Millions in North Korean Sanctions Case
President Donald Trump earlier this month said he would respond to North Korea's nuclear threat with "fire and fury". Ltd - had collectively imported almost a half billion dollars' worth of North Korean coal between 2013 and 2016.

This article was corrected at 2:08 p.m. ET because an earlier version incorrectly referenced $500 billion, instead of $500 million, of coal imports between 2013 and 2016 in the fourth paragraph. "That is the one sure way to have a decisive impact on North Korea's decision-making". They include one Namibia-based subsidiary of a Chinese company and a North Korean entity operating in Namibia.

Yesterday, reported that steady oil supplies from China to North Korea continued to prop up Pyongyang.

The top diplomats of almost 30 countries, including the U.S., South and North Korea joined the ASEAN Regional Forum on August 7.

Talking to NK News following the press conference, U.S. Representative Ann Wagner acknowledged that the objective of an oil export ban would be to convince North Korea that dialogue would be its best option.

The new measures come just weeks after the UN Security Council passed another resolution imposing tougher sanctions on North Korea after the regime conducted its first tests of long-range intercontinental missiles that are estimated to have the range to reach the US.


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