Tuesday, August 22, 2017

U.S. Imposes New Sanctions On Chinese And Russia Entities For Helping North Korea



South China Morning Post: US imposes new sanctions on Chinese and Russian companies to cut off North Korea support

The sanctions affect Dandong Rich Earth Trading Company, which the US accused of buying vanadium ore from Korea Kumsan Trading Corporation

The US announced a set of secondary sanctions against 16 Chinese and Russian entities as part of its efforts to cut off trade with North Korea and starve the country’s military of the cash it needs to develop nuclear weapons.

The move opened a new rift with China, which blasted the US for its “long-arm jurisdiction” and demanded that Washington “immediately correct its mistake”.

Chinese companies facing sanctions include Dandong Rich Earth Trading Company, which the US accused of buying vanadium ore from Korea Kumsan Trading Corporation, a company already sanctioned by the United Nations Security Council, according to a US Treasury Department announcement. Mingzheng International Trading Limited was also named in the action as a “front company” for North Korea’s Foreign Trade Bank.

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More News On The U.S. Imposing New Sanctions On Chinese And Russia Entities For Helping North Korea

US targets Chinese, Russian entities funding North Korea's nukes -- CNN
U.S. targets Chinese, Russia entities for helping North Korea -- Reuters
US imposes new sanctions on Chinese and Russian companies over North Korea's nuclear and missile programs -- Daily Mail
US Sanctions Russian, Chinese Firms for Helping North Korea Militarize -- VOA
US sanctions Chinese, Russians over N.Korea support -- Digital Journal
China Responds to Sanctions Against Chinese, Russian Firms Aiding North Korea -- The Street
Trump Administration Blacklists 4 Russian Citizens, 1 Company Over North Korea -- The Moscow Times

1 comment:

Anonymous said...

Overdue