New US penalties on Chinese, Russian firms over N. Korea

Gaum TV

The Trump administration on Tuesday imposed 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 penalties are intended to complement new UN Security Council sanctions and further isolate North Korea for its nuclear and missile tests, the Treasury Department said.

The 16 affected entities either do business with previously sanctioned companies and people, work with the North Korean energy sector, help it place workers abroad or “facilitate its evasion of international financial curbs.” Among those sanctioned are six Chinese companies, two Singapore-based companies and three Russians that work with them, and a Russian company that deals in North Korean metals. (AP)


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