CBE, Foreign Ministry launch 'Open Your Account in Egypt' initiative for expatriates    Treasures of the Pharaohs Exhibition in Rome draws 50,000 visitors in two days    Egypt expands Oyoun Moussa power station to boost Sinai electricity network    Egypt denies damage to Kalabsha Axis Bridge after barge collision    Egypt to establish African cybercrime prevention centre with UNODC support    Egypt, WHO discuss enhancing pharmacovigilance systems to ensure drug, vaccine safety    Cautious calm in Gaza as Egypt drives peace push    EU warns China's rare earth curbs are a 'great risk', weighs response    Thailand, Cambodia to sign ceasefire in Malaysia with Trump in attendance    Egypt, Morocco explore deeper industrial, transport cooperation    Egypt, Saudi Arabia discuss strengthening pharmaceutical cooperation    President Al-Sisi closely follows up on Egypt–Saudi Arabia power interconnection project: Esmat    Al-Sisi reviews final preparations for Grand Egyptian Museum opening    Egypt's Curative Organisation, VACSERA sign deal to boost health, vaccine cooperation    Egypt joins EU's €95b Horizon Europe research, innovation programme    Egypt steps up oversight of medical supplies in North Sinai    Egypt, EU sign €4b deal for second phase of macro-financial assistance    Egypt's East Port Said receives Qatari aid shipments for Gaza    Egypt to issue commemorative coins ahead of Grand Egyptian Museum opening    Egypt, Sudan discuss boosting health cooperation, supporting Sudan's medical system    Omar Hisham announces launch of Egyptian junior and ladies' golf with 100 players from 15 nations    Egyptian junior and ladies' golf open to be held in New Giza, offers EGP 1m in prizes    The Survivors of Nothingness — Part Two    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt launches official website for Grand Egyptian Museum ahead of November opening    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt successfully hosts Egyptian Amateur Open golf championship with 19-nation turnout    Egypt will never relinquish historical Nile water rights, PM says    Al Ismaelia launches award-winning 'TamaraHaus' in Downtown Cairo revival    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



U.S. imposes more North Korea sanctions; urges China, Russia expulsions
Published in Amwal Al Ghad on 25 - 01 - 2018

The United States announced new sanctions on Wednesday aimed at stopping North Korea's nuclear weapons development and urged China and Russia to expel North Koreans raising funds for the programs.
The U.S. Treasury imposed sanctions on nine entities, 16 people and six North Korean ships it accused of helping the weapons programs. It said two China-based trading firms were involved in exporting millions of dollars worth of metals and other goods used in weapons production.
The individuals included members of North Korea's Workers Party operating in China, Russia and Georgia's breakaway Abkhazia region. Among them were North Korea's vice consul in Nakhodka, Russia and an individual reportedly involved in sending North Korean laborers to Abkhazia.
"Treasury continues to systematically target individuals and entities financing the Kim regime and its weapons programs, including officials complicit in North Korean sanctions evasion schemes," Treasury Secretary Steven Mnuchin said in a statement.
"The U.S. government is targeting illicit actors in China, Russia, and elsewhere who are working on behalf of North Korean financial networks, and calling for their expulsion from the territories where they reside."
The entities sanctioned included North Korea's Ministry of Crude Oil Industry.
The action enables the United States to block assets held by the individuals or firms in the United States and prohibits U.S. citizens from dealing with them.
Asked if the Chinese companies sanctioned by the United States had broken sanctions, foreign ministry spokeswomen Hua Chunying said that she did not have all the facts right now.
China will investigate any company or individual that is found to have violated U.N. resolutions in accordance with Chinese law, she said.
"China resolutely opposes any country using its own laws to carry out long-arm jurisdiction on Chinese companies or individuals," she said.
The United States has led an international campaign to tighten sanctions on North Korea to force it to give up development of nuclear weapons and missiles capable of hitting the United States.
The U.N. Security Council in December unanimously imposed new sanctions on North Korea for a recent intercontinental ballistic missile test, seeking to further limit its access to refined petroleum products and crude oil.
CIA director Mike Pompeo has said North Korea is "a handful of months" away from being able to make a nuclear attack on the United States.
On Tuesday, he said U.S. President Donald Trump's focus was on a diplomatic solution to the crisis backed by tighter sanctions, but the CIA was working to provide a range of other options should that fail.
The Trump administration has said all options are on the table including military ones, and officials say the president and his advisers have discussed the possibility of a limited strike. But debate on military options has lost some momentum in recent weeks after North and South Korea resumed talks ahead of next month's Winter Olympics in the South.
Sanctions expert Anthony Ruggiero of the Foundation for Defense of Democracies think tank said the Treasury move showed Trump's "maximum pressure" policy would continue even with the focus on the inter-Korea talks.
"The action against Chinese firms is important as it increases the pressure on Beijing to stop Chinese nationals from facilitating North Korea's sanctions evasion," he said.
Treasury named the firms as Beijing Chengxing Trading Co Ltd and Dandong Jinxiang Trade Co Ltd.
A senior U.S. official said this week that despite the Trump administration's recent public focus on Russia, China remained the main culprit in North Korea sanctions busting. He pointed to involvement of Chinese organized crime groups, banks, and government officials in the peddling of amphetamines, counterfeit currency and fake luxury goods.
While China has backed successive rounds of U.N. sanctions on North Korea it worries that excessive pressure could cause the collapse of a country it has long considered a strategic ally.
source: Reuters


Clic here to read the story from its source.