U.S. imposes new sanctions that target North Korea's financial network

美정부, 中기업 2곳 포함 북핵 관련기관 9곳 추가제재

President Donald Trump's "maximum pressure" strategy against North Korea continues.
Unfazed by the regime's recent peace overtures to Seoul.... the U.S. Treasury Department announced new punitive measures on two dozen entities and individuals linked to the communist state's nuclear and missile programs.
Park Hee-jun looks into the measures aimed at forcing Pyongyang to abandon its weapons developments. The United States has made it clear that it's willing to come down hard on anyone attempting to help North Korea's weapons programs.

The U.S. Treasury Department announced Wednesday that it's imposing new sanctions on six North Korean vessels, nine entities, and 16 individuals from China and Russia,... that are accused of curbing international efforts to isolate the North.

Treasury Secretary Steven Mnuchin said in a statement that the "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."

To focus on the regime's financial networks, Washington has sanctioned five individuals in Russia and China,... and 10 individuals linked to the Korea Ryonbong General Corporation, which the United Nations has previously sanctioned.
Also among the targets are two Chinese firms, Beijing Chenxing Trading and Dandong Jianxiang Trade, which the Treasury accused of exporting goods worth more than 68-million U.S. dollars to North Korea,... and importing goods worth 19-million dollars from North Korea.

The recent sanctions demonstrate U.S. President Donald Trump's "maximum pressure" policy on North Korea.

"The U.S. believes that despite the ongoing inter-Korean talks and the North's participation in the PyeongChang Games,... there is no change in the regime's nuclear ambitions. North Korea is still developing and flaunting its nuclear capabilities-- forcing the U.S. to maintain its excessive pressure on the regime."

Experts say that the latest sanctions are aimed to bring North Korea to the negotiating table with the United States,... as Washington has said multiple times that it is willing to talk to the North under the "right circumstances"-- meaning when the regime decides on the path of denuclearization.

The South Korean Foreign Ministry says the recent sanctions reflect the United States' willingness to solve the nuclear issue, and that South Korea will cooperate in its efforts to reach a peaceful resolution.

Park Hee-jun, Arirang News.

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