Trump announces 'heaviest ever' North Korea sanctions

Trump announces 'heaviest ever' North Korea sanctions
From Al Jazeera - February 23, 2018

The US has imposed its "heaviest ever" sanctions against North Korea, President Donald Trump says, as the US seeks to prevent North Korea from further developing its nuclear programme.

The measures - aimed at disrupting North Korean shipping companies and vessels - will heighten pressure on North Korean leader Kim Jong-un, a US treasury department statement, said on Friday.

"This will significantly hinder the Kim regime's capacity to conduct evasive maritime activities that facilitate illicit coal and fuel transports, and erode its abilities to ship goods through international waters," Steven Mnuchin, treasury secretary,said.

"The president has made it clear to companies worldwide that if they choose to help fund North Korea's nuclear ambitions, they will not do business with the United States."

The new sanctions target almost all shipping currently being used by North Korea, Mnuchin said.

The measures prohibit US citizens from dealing with more than 50 vessels and companies, and one person, located in countries including North Korea, China, Taiwan and Hong Kong.

Assets held by the firms within the US will also be blocked.

UN sanctions


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