The U.S. Treasury Department announced new sanctions Tuesday against 10 Russian and Chinese entities, and six individuals it says are helping North Korea's government with its missile ambitions. It follows an escalation in USA and United Nations sanctions in response to a.
China has signed up for increasingly tough United Nations sanctions against North Korea, and promised to fully and effectively enforce them.
Now, even as the Trump administration is trying to soothe tensions in the Middle East, as we just heard, they've also unveiled new sanctions against China and Russian Federation over North Korea's nuclear and missile programs.
The Trump administration has unveiled new sanctions against Chinese and Russian entities as part of an escalation to curb North Korea's nuclear and missile programs.
Singapore's Ministry of Foreign Affairs said USA authorities had informed them prior to the designations and it was investigating.
No Chinese banks were designated in Tuesday's sanction list.
The campaign to pressure North Korea's trading partners is aimed at eventually forcing Pyongyang to give up its nuclear and missile programs.
It said the sanctions were meant to disrupt the economic ties that enable North Korea to expand its weapons program despite recurrent rounds of resolution banning the activity.
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It is the second time since June that Washington has targeted Chinese entities linked to North Korea.
The KCNA report, about a visit by Kim to a chemical institute, came not long after U.S. Secretary of State Rex Tillerson appeared to make a peace overture, welcoming what he called recent restraint shown by the reclusive North.
China reacted with irritation, saying Washington should "immediately correct its mistake" of imposing unilateral sanctions on Chinese companies and individuals to avoid damaging bilateral cooperation. He said it would state clearly that the banks are not doing enough to stop North Korean transactions, without harming the bilateral relationship through freezing assets or cutting the banks off from the USA financial system.
"Sanctioning such entities ex post facto may cause some problems diplomatically, but it will help put a healthy respect for the United Nations resolution in play", he said.
Besides, sanctions were imposed against Andrei Serbin and Mikhail Pisklin who ran for the Vladivostok city parliament in 2012 and Irina Huish, the executive director of the Singapore-based Velmur Management company.
He pointed out that Pyongyang extended "full support" for them when they were under pressure from the United States and other western countries.
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