Treasury sanctions Chinese firm and 2 citizens with ties to North Korea

США объявили о введении санкций против Китая

In a statement, Treasury Secretary Steven Mnuchin pledged USA commitment to maximiSe pressure on North Korea until it abandons its nuclear and ballistic missile program, CNN reports.

While the individuals and institution designated in Thursday's actions are Chinese, Mnuchin emphasized that the sanctions were meant to target North Korea, not Beijing.

Earlier this week, the USA also downgraded China's human trafficking status, putting it on par with North Korea as among the world's worst nations for human trafficking, saying Beijing failed to end its complicity in Pyongyang's export of forced labor.

Mnuchin said cutting off the flow of money was "very effective" in bringing Iran to the negotiating table and the U.S.is seeking to do the same with North Korea.

The move is being seen as part of the Trump administrations effort to prevent North Korea from obtaining nuclear weapons and missiles.

The moves come in response to North Korea's ongoing efforts to build missiles and its violations of U.N. Security Council resolutions.

French President Emmanuel Macron headed for overwhelming parliamentary majority
Le Pen had campaigned for France to quit the single currency - a move unpopular even among many National Front supporters. Otherwise, all contenders who get at least 12.5 percent of the votes of registered voters advance to the second round.

Azerbaijan GP - Friday - Practice Session 2 Report
Amazingly, Sergio Perez soon joined them around 10 minutes into the session after a stellar rebuild effort from his mechanics. McLaren are the only team yet to score a point this season and their relationship with Honda is now at an all-time low.

Fed: Biggest US banks strong enough to withstand recession
Its model produced a 9.8 percent minimum CET1 ratio, 1.4 points better than the Fed's. The CCAR results could affect banks' buyback and dividend plans.

Bank of Dandong which "acts as a conduit for illicit North Korean financial activity, is a foreign bank of primary money laundering concern", and will be severed from the United States financial system, the Treasury said in a statement.

According to a press release from the Treasury, these initiatives "have been taken in response to the circumvention ongoing global sanctions by North Korea, as well as the development of weapons of mass destruction".

The US Treasury Department on Thursday slapped sanctions on a Chinese bank over illicit activities in North Korea, including facilitating the production of weapons of mass destruction.

Finally, the transport company Dalian Global Unity Shipping has also been designated to have conveyed luxury goods smuggled to North Korea. We are in no way targeting China with these actions. But Mnuchin said the action was not being done to send China a message.

The punitive measures ratchet up pressure the U.S.is applying on North Korea to halt its nuclear program by targeted Chinese entities that the administration said enable Kim Jong Un's regime. At least I know China tried!' Trump tweeted on June 20. "We are committed to targeting North Korea?s external enablers and maximizing economic pressure on the regime until it ceases its nuclear and ballistic missile programs", he said.

Anthony Ruggiero, a sanctions expert and former Treasury Department official, described it as a small Chinese bank "sitting at the heart" of trade between North Korea and China. It cited a United Nations expert panel as saying the company has violated a ban on trade in luxury goods with the North.

Related News:

  • Portugal v Chile Confederations Cup

    We created chances, we put them under pressure, so we could have got a little more out of this tournament", he told reporters. Portugal's Cristiano Ronaldo celebrates after scoring a penalty during the 2017 Confederations Cup match against New Zealand.
    Proton sells stake to Geely for RM460m

    Proton sells stake to Geely for RM460m

    Malaysian Prime Minister Najib Razak stands on stage waiting for a signing ceremony between Proton and Geely in Kuala Lumpur , Malaysia, Friday, June 23, 2017.

    Tottenham striker Harry Kane would love England captaincy

    I was just trying to do my best for the team. "It is about standing up and being counted and we did that today". However, Kane slammed in at the far post deep into stoppage time to break the hearts of the Tartan Army.
  • 57 dead in US-led strikes on IS Syria prison: Monitor

    Assad conducts another mass murder attack using chemical weapons, he and his military will pay a heavy price, ' it said. In a news bulletin flashed on screen, it said the building had been used as a prison for a "large number of civilians".
    Mayor promises Stanley Cup parade, but plans unclear so far

    Mayor promises Stanley Cup parade, but plans unclear so far

    With Rinne pulled for an extra attacker, Carl Hagelin set off a bench celebration with an empty netter with 13.6 seconds left. Per ESPN Stats & Info , he is the first person to close out the Stanley Cup Final with back-to-back shutouts since 1952.
    North Korea may co-host Winter Olympics with South Korea

    North Korea may co-host Winter Olympics with South Korea

    As the honorary envoy, Taeyang will not only promote the event, but also produce a song dedicated to the PyeongChang Olympics. Currently, North Korea have not qualified any athletes for the Games, with pairs figure skating representing their only hope.
  • Aston Martin launches AMR sub-brand

    Aston Martin launches AMR sub-brand

    There is also a choice of three different finishes for the the V8's five-spoke alloy wheels and the V12's 10-spoke alloy wheels. There's a range of exterior colour options, but each of them is twinned with its own distinct interior design scheme.
    Alvaro Morata Leaves Honeymoon To Speed Up Transition To Manchester United

    Alvaro Morata Leaves Honeymoon To Speed Up Transition To Manchester United

    Jose Mourinho has identifed Morata, 24, as the man to lead his attack next season following the departure of Zlatan Ibrahimovic. The Colombia worldwide is not part of Zinedine Zidane's plans and asked to be sold so he could get more regular playing time.
    What it's like to fly business class on Qatar Airways

    What it's like to fly business class on Qatar Airways

    The airline won the Best Staff Service Award as part of the highly acclaimed global awards held at the Paris Air Show on Tuesday. AirAsia and AirAsia X have won a combined 25 Skytrax World Airline Awards since the awards were introduced in 2001.
  • Chancellor Philip Hammond warns: We must avoid Brexit 'cliff edge'

    Chancellor Philip Hammond warns: We must avoid Brexit 'cliff edge'

    The EU's chief negotiator, Michel Barnier said: "We are talking about orderly withdrawal first and that makes sense". According to the FT, Hammond confirmed he will seek a "lengthy" transitional period after leaving the EU.
    Lakers Draft Lonzo Ball With No. 2 Pick

    Lakers Draft Lonzo Ball With No. 2 Pick

    Ball and the Lakers have always been seen as the likely pairing, but the Lakers did their due diligence along the way. In his only year at UCLA, Ball scored 14.6 points per game, 7.6 assists, 6.0 rebounds and 1.8 steals.

    ICE seeks custody of El Salvador man accused of murdering Muslim teenager

    When Nabra's friends returned to the mosque, they explained what happened and personnel from the mosque contacted the authorities. He's not particularly interested in knowing why his daughter was attacked or whether it could be considered a hate crime.


Most liked

Beyond Good & Evil 2 gameplay shows insane scope, vaporware potential
No gameplay footage was shown, leaving most of us wondering what the hell this video game would actually look like in the flesh. Michel Ancel takes players behind the scenes and showcases how seamless the world of Beyond Good and Evil 2 really is.

Brazil's attorney general formally accuses Temer
Brazilian President Michel Temer waves after attending a ceremony at the Planalto Presidential Palace, in Brasilia, on Monday. Temer has denied wrongdoing and said he refuses to resign despite numerous calls for him to do so and plunging popularity.

China intervenes to ease Pak-Afghan ties with focus on economic cooperation
For Beijing , peace and stability in Afghanistan is critical for both its own security and investments in Pakistan. Chinese Foreign minister Wang Yi on Saturday arrived in Pakistan on a two-day visit to discuss the bilateral ties.

Father of missing California boy was flight risk
The 5-year-old's body has not been found, but homicide investigators say there's enough evidence to charge his father with murder. If my son was missing, I would be doing things that (the boy's mother) was doing. "He was socializing in Vegas", Mendoza said.

Leaked Pixel 2 specs show Google has some surprises in store
The new iPhone 8 , once that lands later this year, will be the most expensive handset Apple has ever made. Google fans are now eagerly waiting for the next iteration of Pixel , which is coming out later this year.

Srikanth reaches 3rd successive Super Series final
India's shuttler Kidambi Srikanth defeated Rio champion Chen Long to win the Australia Open Series on Sunday held in Sydney . Srikanth secured a total of 9200 points after emerging as the victor which will take his tally to 34260 points.

Larson and McMurray make it 1-2 for Chip Ganassi at Sonoma
Allmendinger (5th), Chris Buescher (9th) and Paul Menard (15th) all starting higher than we've been accustomed to seeing them. As a result of losing his engine during practice, Kenseth will be starting dead last on Sunday in a backup vehicle .

Texas Mom Charged After A 'Lesson' Leads To Death
Huffman and a person who answered the phone at the Parker County jail had no information about whether she had an attorney. Randolph confessed to breaking the windows to make it look as though the kids had been locked in by accident.

Australian Muslims bring Ramadan to Sydney
Scholars will start watching today for the new moon to appear to mark the end of the month-long Islamic fasting season. Traditionally, it is celebrated for three days and is an official holiday in all Muslim-majority countries.

PM Modi hold talks with Portuguese counterpart
LISBON , Portugal — Indian Prime Minister Narendra Modi has started a foreign tour that will include his first meeting with U.S. Be proactive - Use the "Flag as Inappropriate" link at the upper right corner of each comment to let us know of abusive posts.

Manslaughter charges possible in London high-rise tragedy
Describing how the investigation was proceeding, she added: "We have been in Grenfell Tower, from top to bottom, last week". Buildings in London, Manchester and Plymouth are among those where problem cladding has been identified.

List of GOP congressmen found with baseball practice shooter
Law enforcement authorities said they believed Hodgkinson traveled from his home in Belleville, Illinois, to Alexandria in March. As he was leaving the baseball field, Duncan said Hodgkinson asked him if the practice was Democratic or Republican congressmen.

Whole Foods CEO says brand's standards intact under Amazon
Mackey appeared to jab at the investor pressure Whole Foods has been facing from activist investors including Jana. And- these guys are really smart people. "They put the customer first in everything they do and think backwards".

'Spider-Man: Homecoming' May Have Multiple Credits Scenes
I'm pleased to announce we're giving away 20 admit-two passes to the Atlanta screening of Spider-Man: Homecoming . As of now, the logical way to go is to continue the partnership between Sony and Marvel.

Saudi Arabia Says Iranian Guards in Custody After Boat Seized
Saudi Arabia said Monday it had disrupted an attack on an offshore oil field. They headed towards the platform of the oil field.