US to impose 'largest ever' N Korea sanctions

The measures target more than 50 ships and maritime transport companies in North Korea, but also China and Taiwan

US to impose 'largest ever' N Korea sanctions

The measures target more than 50 ships and maritime transport companies in North Korea, but also China and Taiwan

23 February 2018 Friday 22:18
US to impose 'largest ever' N Korea sanctions

By Azania Post Reporter

US President Donald Trump says his country is imposing a fresh set of sanctions on North Korea – the “largest ever.”

The measures target more than 50 ships and maritime transport companies in North Korea, but also China and Taiwan.

The Asian country is already under a range of international and US sanctions over its nuclear and missile programs.

But it continued tests last year, including tests of a nuclear weapon and a long-range ballistic missile capable of reaching the US.

The US says the new sanctions are designed to put a further squeeze on North Korea, cutting off sources of revenue and fuel for its nuclear programme and clamping down on evasion of already existing restrictions.

Sixteen, mainly shipping companies, are based in North Korea, but five are registered in Hong Kong, two on the Chinese mainland, two in Taiwan, one in Panama and one in Singapore.

Twenty-eight ships are on the list, again mostly North Korean, but two are Panama-flagged, one from the Comoros and one Tanzania-flagged.

The US has been building sanctions against the regime since 2008 and the latest restrictions could come on top of sanctions announced in November - directed at North Korean shipping operations, as well as Chinese companies trading with Pyongyang.

The United Nations followed that up in December with a raft of sanctions, backed by all 15 members of the Security Council, which included measures to cut North Korea's petrol imports by up to 90%.

BBC

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