US Preparing Harsh Measures Against Chinese Firms Assisting Pyongyang


North Korea has balked at all sanctions against the regime. Ltd, of conspiring to evade US economic sanctions on behalf of the North Korean Workers' Party.

The list includes six Chinese companies, a Russian company, and four Russian individuals, as well as a construction company based in Africa and two Singapore-based companies that allegedly sell oil to North Korea.

The sanctions also hit those who help individuals previously penalized for involvement in North Korea's weapons program and assist the country in sending workers overseas.

Tillerson said he wanted to "acknowledge" that Pyongyang had not conducted missile tests since the adoption by the United Nations Security Council (UNSC) of Resolution 2371 on August 5.

The United States announced sanctions on Tuesday on Chinese and Russian companies and individuals for supporting North Korean weapons programs, including by dealing in Pyongyang's energy trade and helping sanctioned North Korean entities gain access to the US and worldwide finance system.

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They were created to starve the regime of resources to develop its nuclear and ballistic missile programs by slashing its annual export revenues by a third.

The sanctions came as President Donald Trump has pressed Beijing to do more to convince its ally North Korea to abandon its nuclear ambitions.

Russia said it would retaliate after the United States imposed new economic sanctions on 16 mostly Chinese and Russian companies and individuals, accusing them of aiding the North Korean government and its missile and nuclear programs.

The data also comes after state-owned China National Petroleum Corp suspended sales of fuel to North Korea in June over concerns it wouldn't get paid, cutting off crucial supplies.

"It's a message to firms throughout the world that the going to target these entities and you can not hide behind the cover of being in China or Russia", Boydston told NPR in an interview.

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China slammed the US for exercising "long-arm jurisdiction" over its entities and individuals.

South Korea's foreign ministry, meanwhile, welcomed the announcement, saying it hopes the sanctions will boost the allies' joint efforts to denuclearize the North.

"We strongly urge the immediately correct its mistake, so as not to impact bilateral cooperation on relevant issues", the embassy said in a statement.

"We understand it as a reaffirmation of the USA determination to resolve the North Korean nuclear issue", it said.

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