US imposes new sanctions over North Korea’s nuke weapons program
Chinese firms targeted
The US slapped new sanctions on a range of entities and individuals on Wednesday over their alleged links to North Korea’s nuclear and ballistic missile programs.
The Treasury Department issued a statement in Washington announcing that it’s sanctioning nine entities, including two Chinese firms, 16 North Korean individuals and six North Korean vessels.
“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,” Secretary of the Treasury Steven Mnuchin said, in a reference to North Korean leader Kim Jong-un.
Mnuchin added that the US is also targeting “illicit actors” in China, Russia and elsewhere due to their purported links to North Korea’s overseas financial networks.
Yonahp reported that the latest targets include Beijing Chengxing Trading and Dandong Jinxiang Trade — two Chinese companies the Treasury accused of exporting a combined total of more than US$68 million in goods to the North in violation of US and UN sanctions. The firms are said to have imported more than US$19 million worth of goods from the North.
Other entities in the US cross hairs are five North Korean shipping companies, one North Korean electronics company, and the North Korean Ministry of Crude Oil Industry.