Egypt's external debt reaches $161.2bn in June 2025: CBE    Egypt's MSMEDA, Top 50 Women Forum sign protocol for Future Makers' Journey Initiative    Nile University president hails women's summit as platform for innovation, youth empowerment    Telecom Egypt chair calls for ethical framework to guide AI development    4th Egyptian Women Summit kicks off with focus on STEM, AI    Lead Woman Event Highlights Women's Leadership in Egypt's Energy Sector    Egypt's PM reviews major healthcare expansion plan with Nile Medical City    Deli Group breaks ground on new factory in 10th of Ramadan City    UN rejects Israeli claim of 'new Gaza border' as humanitarian crisis worsens    Egypt's Cabinet approves development of Nasser Institute into world-class medical hub    Egypt reports sharp drop in waste burning incidents during autumn 2025    Servier Egypt launches Tibsovo as first targeted therapy for IDH1-mutated cancers    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egyptian Cabinet prepares new data law and stricter fines to combat misinformation    UNESCO adds Egypt's national dish Koshary to intangible cultural heritage list    Egypt's Abdelatty urges rapid formation of Gaza stability force in call with Rubio    Blair dropped from US Gaza governance plan after Arab objections    Egypt calls for inclusive Nile Basin dialogue, warns against 'hostile rhetoric'    Egypt joins Japan-backed UHC Knowledge Hub to advance national health reforms    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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.



US hits Chinese and Russian firms over breach of North Korea sanctions
Published in The Egyptian Gazette on 16 - 08 - 2018

WASHINGTON, August 16, 2018 (News Wires) - The United States imposed sanctions on a Russian port service agency and Chinese firms on Wednesday for aiding North Korean ships and selling alcohol and tobacco to North Korea in breach of US sanctions aimed at pressuring it to end its nuclear programmes.
The US Treasury said in a statement China-based Dalian Sun Moon Star International Logistics Trading Co. Ltd and its Singapore-based affiliate SINSMS Pte. Ltd had netted more than $1 billion a year by exporting alcohol and cigarette products to North Korea.
The department also sanctioned Russian-based Profinet Pte Ltd and its director general, Vasili Aleksandrovich Kolchanov, for providing port services on at least six occasions to North Korean-flagged ships.
Kolchanov was personally involved in North Korea-related deals and interacted directly with North Korean representatives in Russia, the department said.
"The tactics that these entities based in China, Singapore, and Russia are using to attempt to evade sanctions are prohibited under US law, and all facets of the shipping industry have a responsibility to abide by them or expose themselves to serious risks," US Treasury Secretary Steven Mnuchin said in a statement.
The sanctions mandate that no US citizen can deal with any of those designated in the order, and any of their properties in the United States "must be blocked", Treasury said.
The United States has been pressuring North Korea to give up its nuclear weapons programme.
Liang Ye, legal representative of Dalian Sun Moon Star International Logistics Trading, said when asked for comment on the US Treasury statement the matter was still unclear and the Chinese company had not received any notice.
China's official Xinhua news agency said the United States needed to back off with the pressure on North Korea if it was serious about wanting lasting peace on the Korean peninsula.
"Washington should be reminded that the 'maximum pressure' approach on Pyongyang is not in keeping with the current situation on the Korean Peninsula and it needs to consider easing sanctions," Xinhua said in a commentary.


Clic here to read the story from its source.