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Trump announces new North Korea sanctions

President Donald Trump announced Friday that the US Treasury Department is imposing new sanctions against ...

Posted: Feb 24, 2018 2:57 PM
Updated: Feb 24, 2018 2:57 PM

President Donald Trump announced Friday that the US Treasury Department is imposing new sanctions against North Korea specifically targeting the country's shipping and trading companies and vessels in an effort to further isolate the rogue regime.

Senior administration officials told reporters on Friday that Trump would discuss new sanctions on North Korea during his speech at the Conservative Political Action Conference and touted the sanctions as the headline of the of the speech.

But it took the President nearly 80 minutes to mention the sanctions -- which he did only briefly -- at the end of his free-wheeling speech.

"North Korea, we imposed today the heaviest sanctions ever imposed by our country before. And frankly, hopefully something positive can happen. We will see, but hopefully something positive can happen," Trump said. "That just was announced and I wanted to let you know."

In its latest step to heighten its economic warfare against North Korea, the US government imposed sanctions against 27 entities and 28 vessels either registered or flagged in several countries, including North Korea, China and Singapore.

In a statement on Friday, Treasury Secretary Steven Mnuchin said the US is "aggressively targeting all illicit avenues used by North Korea to evade sanctions, including taking decisive action to block vessels, shipping companies, and entities across the globe that work on North Korea's behalf."

Sixteen North Korean shipping companies were sanctioned including Chonmyong Shipping Company Limited, Hapjanggang Shipping and Korea Achim Shipping Co.

Nine international shipping companies and nine vessels were also added to the US sanctions list: Asia Bridge 1, Hao Fan 2 and Xin Guang Hai. Along with international companies such as Shandong, China-based Weihai World-Shipping Freight and Shanghai, China-based Shangahi Dongfeng Shipping Co. Ltd.

The US government also labeled a Taiwanese citizen, Tsang Yung Yuan, who has coordinated North Korea coal exports with a Russia-based North Korean broker. Tsang has a record of sanctions evasion activities, according to Treasury.

Treasury, along with the State Department and US Coast Guard, also warned the public of significant sanctions they could face if they help to enable any shipments to goods to and from North Korea in an advisory.

The agencies also alerted those industries of North Korea's deceptive shipping practices.

"The President has made it clear to companies worldwide that if they choose to help fund North Korea's nuclear ambitions, they will not do business with the United States," Mnuchin said.

North Korea has been known to falsify and conceal information displayed on North Korean vessels and conduct ship-to-ship transfers, currently prohibited by the United Nations.

While these sanctions solely focus on "elicit maritime activity," administration officials made it clear that they are part of the maximum pressure campaign aimed at denuclearization.

The point of these sanctions, an official said, is not just to punish the rouge nation, but to raise "the cost of doing business with North Korea" for other countries.

"The President is clearly frustrated, and rightly so, over efforts that have failed in the past and also over the uptick in testing and the advancements we have seen in the North Korean program in the recent period of time and over the last couple of decades," an official said.

The announcement comes while the President's daughter and senior adviser Ivanka Trump is in South Korea for the closing days of the 2018 Winter Olympics.

According to Mnuchin, she briefed South Korean President Moon Jae-in about the new North Korea sanctions.

"Ivanka Trump has been briefed on this," Mnuchin said. "She has been part of the team. She had dinner with President Moon and had a private discussion in advance about this occurring and this has been an interagency process."

Asked if she had the appropriate security clearance, Mnuchin said, "She has the appropriate access to brief the president."

During a pre-dinner briefing with Moon, Ivanka said her visit was to "reaffirm our commitment to our maximum pressure campaign to ensure that the Korean Peninsula is denuclearized." She added that discussions with South Korea would touch on "joint values and strategic cooperation as partners and allies."

During the dinner, President Moon said that the denuclearization dialogue and the inter-Korean dialogue on the Korean Peninsula cannot go separately, and this process should progress hand-in-hand, according to Yoon Young-chan, a spokesperson for the presidential Blue House in Seoul.

Moon also said it is important for South Korea and the US to cooperate closely, the spokesperson said.

Moon said North Korea's participation in the Olympics was an "opportunity" for inter-Korean dialogue, which had "led to lowering of tensions on the peninsula and an improvement in inter-Korean relations."

He also thanked "President Trump's strong support for inter-Korean dialogue."

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 263023

Reported Deaths: 5752
CountyCasesDeaths
DeSoto17675191
Hinds16813331
Harrison14224204
Rankin11167219
Jackson10839190
Lee9050144
Madison8568168
Jones6668114
Forrest6177124
Lauderdale6097192
Lowndes5518120
Lafayette516298
Lamar503965
Washington4923125
Bolivar4104109
Oktibbeha405982
Panola384881
Pontotoc376258
Warren3674103
Monroe3671108
Union355663
Marshall355270
Neshoba3485154
Pearl River3468105
Leflore3111109
Lincoln305688
Hancock291862
Sunflower291475
Tate279662
Alcorn272354
Pike268981
Itawamba268063
Scott259648
Yazoo255256
Prentiss252553
Tippah249250
Copiah249049
Coahoma248054
Simpson242171
Leake237367
Grenada223272
Marion222073
Covington219973
Adams213671
Wayne212634
Winston207371
George204339
Newton199046
Attala196963
Tishomingo194161
Chickasaw189044
Jasper179538
Holmes171768
Clay165837
Tallahatchie156235
Stone151425
Clarke147262
Calhoun140822
Smith129226
Yalobusha122034
Walthall114337
Greene113529
Noxubee112926
Montgomery111636
Carroll106622
Lawrence106517
Perry104531
Amite101426
Webster96124
Tunica88821
Claiborne88325
Jefferson Davis88329
Benton85623
Humphreys84624
Kemper80520
Quitman7089
Franklin69917
Choctaw63213
Wilkinson59825
Jefferson56821
Sharkey45117
Issaquena1606
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Alabama Coronavirus Cases

Cases: 439442

Reported Deaths: 6657
CountyCasesDeaths
Jefferson644371007
Mobile31435569
Madison28158217
Tuscaloosa21492275
Montgomery19873332
Shelby19248132
Baldwin17128189
Lee13137107
Morgan12594142
Etowah12070181
Calhoun11496206
Marshall10420123
Houston8988164
Limestone832081
Cullman8257124
Elmore8183110
DeKalb7871107
Lauderdale7847107
St. Clair7808130
Talladega6445112
Walker6028183
Jackson599145
Colbert548694
Blount546286
Autauga535862
Coffee460764
Dale409685
Franklin374150
Russell354215
Chilton344373
Covington338580
Escambia334544
Tallapoosa3143109
Dallas312996
Chambers303470
Clarke298036
Pike262431
Lawrence253355
Marion253161
Winston233342
Bibb222348
Geneva210247
Marengo208231
Pickens199531
Hale184944
Barbour180538
Fayette177829
Butler173160
Cherokee165131
Henry159525
Monroe152021
Randolph145536
Washington141727
Clay129746
Crenshaw123745
Macon121937
Cleburne121525
Lamar119922
Lowndes114836
Wilcox107922
Bullock103328
Perry99918
Conecuh97822
Sumter90527
Greene77923
Coosa63418
Choctaw51924
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