Treasury Sanctions North Korean Overseas Representatives, Shipping Companies, and Chinese Entities Supporting the Kim Regime

According to the US Department of Treasury, its Office of Foreign Assets Control (OFAC) today sanctioned nine entities, 16 individuals, and six vessels in response to North Korea’s ongoing development of weapons of mass destruction (WMD) and continued violations of United Nations Security Council Resolutions (UNSCRs).  Today’s sanctions target agents of the Kim regime financing or otherwise supporting North Korea’s WMD programs and other illicit businesses.  As a result of today’s action, any property or interests in property of the designated persons in the possession or control of U.S. persons or within the United States must be blocked, and U.S. persons are prohibited from dealing with any of the designated parties.

“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,” said Secretary of the Treasury Steven T. Mnuchin.  “Pursuant to UN Security Council Resolutions, the U.S. government is targeting illicit actors in China, Russia, and elsewhere who are working on behalf of North Korean financial networks, and calling for their expulsion from the territories where they reside.  We are sanctioning additional oil, shipping, and trading companies that continue to provide a lifeline to North Korea to fuel this regime’s nuclear ambitions and destabilizing activities.”

Continue reading “Treasury Sanctions North Korean Overseas Representatives, Shipping Companies, and Chinese Entities Supporting the Kim Regime”

Advertisements

Sanction North Korea? No. Sanction the North Korean leadership? Yes

The purpose of this text is to propose new sanctions toward North Korea, without sanctioning the North Korean civilian society, which is not responsible for the hazardous policy of Kim Jong-un and affiliated organizations.

Continue reading “Sanction North Korea? No. Sanction the North Korean leadership? Yes”