Washington, Feb 24 : The Trump administration has announced sweeping new sanctions aimed at disrupting North Korean shipping and trading companies and vessels to further isolate the Kim Jong-un regime.
The Treasury Department on Friday unveiled what it called the “largest North Korea-related sanctions tranche to date” targeting one individual, 27 entities, and 28 vessels located, registered, or flagged in North Korea, China, Singapore, Taiwan, Hong Kong, Marshall Islands, Tanzania, Panama, and Comoros.
“Treasury is aggressively targeting all illicit avenues used by North Korea to evade sanctions, including taking decisive action to block the vessels, shipping companies, and entities across the globe that work on North Korea’s behalf. 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,” said Treasury Secretary Steven Mnuchin.
(UNI)
