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”
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”
Economic sanctions against North Korea face definitely limitations to dissuade the nation from further development of its nuclear program. In spite of sanctions, North Korean authorities continue to lead its aggressive policy.
Continue reading “Economic sanctions against North Korea can be dangerous”
On August 8th 2017, The Korean People’s Army [KPA] General Staff issued a statement responding to recent UN Security Council sanctions against North Korea’s recent missile tests and the recent public commentary of senior US policymakers.
Continue reading “Guam is the next target for the North Korean leadership”
Since a long time, we can’t remark the presence of O Kuk-ryol to official DPRK events. O Kuk-ryol
Born in 1939 in Jilin province, O Kuk-ryol was educated at the prestigious Mangyongdae Revolutionary School in Pyongyang and later enrolled in Kim Il Sung University.
Continue reading “O Kuk-ryol passed away?”
As I said in the past, I even consider that also instead of sanctioning North Korean entities, I think that it may be important to also sanction entities which are cooperating with sanctioned North Korean entities. I also believe that a … Continue reading New sanctions against North Korea