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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: 312608

Reported Deaths: 7221
CountyCasesDeaths
DeSoto21429257
Hinds20256414
Harrison17776308
Rankin13539278
Jackson13395246
Madison10051217
Lee9956173
Jones8364163
Forrest7633152
Lauderdale7215240
Lowndes6359144
Lamar620286
Lafayette6162118
Washington5320133
Bolivar4796132
Oktibbeha460398
Panola4545104
Pearl River4495145
Marshall4387103
Warren4368120
Pontotoc419372
Monroe4089133
Union408776
Neshoba4028176
Lincoln3939110
Hancock376686
Leflore3484125
Sunflower335290
Tate331684
Pike3290105
Scott314873
Alcorn310768
Yazoo310269
Itawamba299377
Copiah295865
Coahoma293979
Simpson293788
Tippah287268
Prentiss278560
Marion268680
Leake264973
Wayne262241
Grenada259985
Adams259882
Covington256281
Newton246961
George246748
Winston226981
Tishomingo225067
Jasper220748
Attala214273
Chickasaw207057
Holmes188672
Clay184654
Stone181433
Clarke178179
Tallahatchie177840
Calhoun169532
Yalobusha162936
Smith162034
Walthall133745
Greene130233
Lawrence128223
Noxubee126834
Montgomery126742
Perry126038
Amite123442
Carroll121628
Webster114532
Jefferson Davis106932
Tunica104626
Claiborne102130
Benton99025
Humphreys96133
Kemper95628
Franklin83323
Quitman79616
Choctaw75818
Wilkinson66830
Jefferson65428
Sharkey50217
Issaquena1686
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Alabama Coronavirus Cases

Cases: 528784

Reported Deaths: 10913
CountyCasesDeaths
Jefferson762251516
Mobile40864804
Madison34569501
Tuscaloosa25646451
Montgomery24264585
Shelby23355246
Baldwin20993306
Lee15800168
Calhoun14457312
Morgan14250279
Etowah13796352
Marshall12166222
Houston10506280
Elmore10017205
Limestone9935150
Cullman9617193
St. Clair9584237
Lauderdale9397238
DeKalb8813185
Talladega8183175
Walker7205279
Autauga6910107
Jackson6793110
Blount6621135
Colbert6282134
Coffee5491115
Dale4810111
Russell437938
Chilton4244111
Franklin423882
Covington4105117
Tallapoosa4004150
Escambia392675
Chambers3545123
Dallas3536150
Clarke350360
Marion3092100
Pike309177
Lawrence299698
Winston273572
Bibb259763
Marengo248564
Geneva247075
Pickens233559
Barbour230256
Hale221776
Butler215469
Fayette211962
Henry188544
Cherokee183845
Randolph179241
Monroe176240
Washington166839
Macon158649
Clay153356
Crenshaw151657
Cleburne148341
Lamar141234
Lowndes138453
Wilcox126528
Bullock122941
Conecuh110028
Perry107526
Coosa106828
Sumter104132
Greene92234
Choctaw60324
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