Trump Admin Places New Penalties On Chinese, Russian Firms Over North Korea

A man walks by a TV screen showing a local news program reporting about North Korea's missile firing at Seoul Train Station in Seoul, South Korea, Wednesday, July 5, 2017. North Korea's leader Kim Jong Un vowed his nation would "demonstrate its mettle to the U.S." and never put its weapons programs up for negotiations a day after test-launching its first intercontinental ballistic missile. The hard line suggests more tests are being prepared as the country tries to perfect a nuclear missile capable of striking anywhere in the United States. The letters read "North Korea, release an ICBM launching video." (AP Photo/Lee Jin-man)
A man walks by a TV screen showing a local news program reporting about North Korea's missile firing at Seoul Train Station in Seoul, South Korea, Wednesday, July 5, 2017. North Korea’s newly demonstrated missile m... A man walks by a TV screen showing a local news program reporting about North Korea's missile firing at Seoul Train Station in Seoul, South Korea, Wednesday, July 5, 2017. North Korea’s newly demonstrated missile muscle puts Alaska within range of potential attack and stresses the Pentagon’s missile defenses like never before. Even more worrisome, it may be only a matter of time before North Korea mates an even longer-range ICBM with a nuclear warhead, putting all of the U.S. at risk. (AP Photo/Lee Jin-man) MORE LESS

WASHINGTON (AP) — The Trump administration is imposing sanctions on 16 mainly Chinese and Russian companies and people for assisting North Korea’s nuclear and ballistic missile programs and helping the North make money to support those programs.

The Treasury Department says the penalties are intended to further isolate North Korea for its nuclear and missile tests.

The 16 do business with previously sanctioned companies and people, work with the North Korean energy sector, help it place workers abroad or evade international financial curbs.

The measures block any assets they may have in U.S. jurisdictions and bar Americans from transactions with them.

Those sanctioned include six Chinese companies, two Singapore-based companies that sell oil to North Korea, a Russian company, four Russian nationals and a construction company based in Namibia.

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  1. Avatar for ryokyo ryokyo says:

    There are times that the “Reporting” around here simply makes me want to tear my hair out by the handfuls!!!

    Which companies?
    Name them.
    Say what their business is and who runs them!
    The “5 W’s” Remember???
    A “story” like this is 100% pure LAZY!
    Someone could be doing a lot better than this!

  2. Wow first Donald now North Korea, how will russians make any money if they are isolated from all their business partners?

  3. Sign up for prime and support better reporting!

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