Trump’s ‘largest ever’ North Korean sanctions to hit almost 60 ships and businesses – many Chinese
Targeted are 27 entities and 28 vessels located, registered or flagged in North Korea, mainland China, Taiwan, Hong Kong, Singapore and other locations
The United States is hitting North Korea with its “largest ever” sanctions package, targeting nearly 60 shipping and trading companies – many Chinese – in its latest bid to pressure North Korea over its nuclear programme.
Continuing the Trump administration’s effort to cut off foreign revenue that supports North Korea’s development of nuclear weapons capable of reaching most of the US, Friday’s action targeted one individual, 27 entities and 28 vessels.
The vessels were located, registered or flagged in North Korea, China (including Hong Kong and Taiwan), Singapore, Marshall Islands, Tanzania, Panama and Comoros.
“Today I am announcing that we are launching the largest-ever set of new sanctions on the North Korean regime,” US President Donald Trump told the Conservative Political Action Conference, according to excerpts of a speech released by the White House.
He said the treasury department “will soon be taking action to further cut off sources of revenue and fuel that North Korea uses to fund its nuclear programme and sustain its military”.