US Implements New Sanctions Against Companies with Ties to North Korean Regime
|While the Moon administration continues to play nice with North Korea, the Trump administration continues to add new sanctions over the Kim regime’s nuclear program:
The United States on Thursday sanctioned two companies in China and Russia for allegedly facilitating North Korea’s nuclear weapons program.
The Department of the Treasury also sanctioned a North Korean individual in the latest set of sanctions aimed at denuclearizing the regime.
Thursday’s action particularly targets the revenue earned for the Pyongyang government by North Korean IT workers overseas.
The Treasury said it is sanctioning China Silver Star, which is “nominally a Chinese IT company, but in reality … managed and controlled by North Koreans.”
Also being sanctioned is the firm’s CEO, Jong Song-hwa, and its Russia-based front company, Volasys Silver Star.
“These actions are intended to stop the flow of illicit revenue to North Korea from overseas information technology workers disguising their true identities and hiding behind front companies, aliases, and third-party nationals,” Treasury Secretary Steven Mnuchin said in a statement. [Yonhap]
You can read more at the link, but it appears that the Trump administration is not ready to sign up for “pretend denuclearization“.