. | . |
US blacklists Russian, Chinese companies for breaking North Korea embargo by Staff Writers Washington (AFP) Aug 16, 2018 The US Treasury announced sanctions on Russian and Chinese companies Wednesday for violating the economic embargo on North Korea as Washington seeks to maintain pressure on Pyongyang over its nuclear program. The Treasury accused China-based Dalian Sun Moon Star International Logistics Trading Co and its Singapore-based affiliate, SINSMS Pte., of falsifying documents to facilitate shipments of alcohol and cigarettes to North Korea. Those shipments helped fuel what the Treasury alleged was a huge "illicit" cigarette trade earning the Pyongyang regime $1 billion a year. It also blacklisted Russia-based Profinet Pte. for violating UN sanctions by providing loading and refueling services to sanctioned North Korean-flagged ships at three eastern Russia ports. Also named was Profinet director general Vasili Aleksandrovich Kolchanov, whom the Treasury said "was personally involved" in deals with the North Koreans. "Treasury reminds the shipping industry... of the significant risks posed by North Korea's shipping practices," the Treasury said in a statement. The Chinese trading company acknowledged that it has shipped cigarettes and alcohol to North Korea but denied any wrongdoing. "We shipped them through China customs clearance, it's all legal, and we have all the necessary legal formalities," the director of Dalian Sun Moon Star International Logistics Trading, Liang Ye, told AFP by telephone. "We can only suspend our business now," Liang said. "The company might go bankrupt. The sanctions have a huge impact on us." Despite having opened direct talks with Pyongyang, Washington continues to enforce the embargo on trade with North Korea in order to put pressure on the country to end its nuclear weapons and ballistic missile program. "Treasury will continue to implement existing sanctions on North Korea, and will take action to block and designate companies, ports, and vessels that facilitate illicit shipments and provide revenue streams to the DPRK," Treasury Secretary Steven Mnuchin said in the statement Wednesday. "Consequences for violating these sanctions will remain in place until we have achieved the final, fully verified denuclearization of North Korea." On Tuesday, State Department spokeswoman Heather Nauert said those talks are making progress "in the right direction," two months after President Donald Trump held a groundbreaking summit with North Korean leader Kim Jong Un in Singapore.
Moon says Pyongyang summit to be 'bold step' towards ending war Seoul (AFP) Aug 15, 2018 South Korean President Moon Jae-in said Wednesday his visit to Pyongyang next month will be a "bold step" towards formally ending the decades-old war with the nuclear-armed North. The two Koreas agreed earlier this week to hold a third meeting between Moon and North Korean leader Kim Jong Un in September as a rapid diplomatic thaw builds on the peninsula following their first summit in April. Moon's trip to the North Korean capital will be the first visit by a South Korean head of state to Pyong ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |