Published: Sat, February 24, 2018
Worldwide | By Sean Reid

President Trump announces new North Korea sanctions

President Trump announces new North Korea sanctions

In a statement on Friday, Treasury Secretary Steven Mnuchin said the United States is "aggressively targeting all illicit avenues used by North Korea to evade sanctions, including taking decisive action to block vessels, shipping companies, and entities across the globe that work on North Korea's behalf".

US Treasury Secretary Stephen Mnuchin has revealed he outlined the new sanctions to Mr Turnbull a day before he announced them.

The measures are set to be announced just as the president's daughter, Ivanka Trump, arrives in South Korea.

In December the United States proposed 10 ships for blacklisting, the committee agreed to the designated four, while diplomats said China objected listing the remaining six.

The latest designations are primarily meant to crack down on North Korea's evasion of wider-ranging sanctions adopted by the United Nations Security Council and the United States that are more economically significant.

The effort marks the largest package of sanctions issued yet against the country, a senior White House official said earlier Friday.

Trump has taken a sometimes sceptical approach to a finding by USA intelligence agencies a year ago that Moscow meddled in the election campaign to try to tilt the 2016 vote in his favour, and has chafed at a federal investigation into Russia's role and any collusion by the Trump campaign. Most of the named ships and companies were based in North Korea but some are based in China, Singapore, Taiwan, Panama, Tanzania, the Marshall Islands and Comoros.

Also on Friday, the Treasury Department released photos of what it said were North Korean ships using fraudulent names and ID numbers.

Mnuchin said at least one person on the list of oligarchs close to the Kremlin had already been targeted under a separate USA sanctions program.

Dropbox Gave Three Executives $190 Million in Stock Before IPO
It's official - Dropbox has finally filed for an initial public offering (IPO) after years of rumors and speculation. In recent years, however, the service has faced more competition from the likes of Google , Microsoft and Apple .

Alcohol use biggest preventable risk factor for dementia
The findings come from an observational study of more than a million adults who were diagnosed with dementia between 2008-2013. It also raises the risk of head injuries, stroke and heart problems, which in turn can lead to increased dementia risk.

West Brom knocked out of FA Cup after week of woe
When you think of all the wonderful players we're watching every week in the Premier League - [Eden] Hazard, David Silva, the list is endless.

The advisory has also alerted the industries of North Korea's deceptive shipping practices.

The Treasury Department says the shippers are participating in a complex scheme to help North Korea dodge United Nations restrictions against imports of refined fuel and exports of coal.

The new sanctions are meant to take on that activity and "make sure that the significant reductions in fuel going into North Korea that are mandated by the United Nations sanctions are unable to be circumvented", as one senior administration official said.

"This brings up the total to over 450 sanctions that we have on North Korea", Mnuchin said Friday.

During a dinner with President Moon Thursday, Ivanka stressed the U.S.'s commitment "to our maximum pressure campaign to ensure that the Korean Peninsula is denuclearized", echoing previous messaging from Vice President Mike Pence.

Despite Trump putting Russia on notice last month, there are no Russian entities on Friday's list either.

He said close cooperation between the US and South Korea is important for the talks.

North Korea has been known to falsify and hide information displayed on North Korean vessels and conduct ship-to-ship transfers, now prohibited by the United Nations.

"After 25 years of failed bipartisan attempts to bribe the North Koreans into ending their nuclear pursuit, we realized that we have to stop the revenue streams that support it", she said in an address to the University of Chicago's Institute of Politics.

Like this: