US Announces New North Korea Sanctions

US Announces New North Korea Sanctions

The United States imposed sanctions on a China-based tech firm, its North Korean chief executive and a Russian subsidiary, accusing them of moving illicit funding to North Korea in violation of U.S. sanctions, Reuters reports.

The move to designate the two entities as North Korean-controlled, announced by the US Treasury Department's Office of Foreign Assets Control, will ban the firms and their executives from the US financial system and from doing business with US citizens.

Treasury secretary Steven Mnuchin said: "These actions are meant to stop the flow of illicit revenue to North Korea from overseas information technology workers disguising their true identities and hiding behind front companies, aliases, and third-party nationals".

A North Korean national, Song Hwa-jong, was also sanctioned, Reuters reported, citing the statement.

Amid such reporting, President Trump has suggested repeatedly, in interviews and via twitter, that China has been relaxing its enforcement of sanctions enacted before his summit with Kim.

The Treasury Department accused China Silver Star of having ties to the US and UN-designated Munitions Industry Department, controlled by North Korea's ruling party.

"We're disappointed in the panel for caving to Russian pressure and making changes to what should be an independent report", Haley added, noting that it was a "dangerous precedent".

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Speaking on condition of anonymity, one diplomat said the amended report removed some references to Russians accused of breaching North Korea sanctions.

The revenue raised by those companies helps the North Korean government skirt USA sanctions, which are meant to pressure the country to denuclearize.

Haley has called for the original report to be released by the 15-member Security Council, which must agree by consensus on whether to publish the findings.

Ms Haley also demanded the bench release the original report, which she claimed Russian Federation off-loaded oil in North Korea on a ship-to-ship transfer basis. "Period", Haley said in a statement.

The Security Council is scheduled to meet on September 17 to discuss implementation of sanctions on North Korea at Washington's the request.

"The full implementation of UN Security Council resolutions remains mandatory for all member states - including Russian Federation".

The US has been using sanctions to maintain pressure on Pyongyang to give up its nuclear weapons and ballistic missile program, even as it continues to engage in diplomacy.

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