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 3:57 PM
Updated: Feb 24, 2018 3:57 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."

Terre Haute
Clear
72° wxIcon
Hi: 81° Lo: 69°
Feels Like: 72°
Robinson
Clear
71° wxIcon
Hi: 80° Lo: 70°
Feels Like: 71°
Indianapolis
Partly Cloudy
73° wxIcon
Hi: 83° Lo: 68°
Feels Like: 73°
Rockville
Clear
68° wxIcon
Hi: 80° Lo: 67°
Feels Like: 68°
Casey
Partly Cloudy
71° wxIcon
Hi: 80° Lo: 69°
Feels Like: 71°
Brazil
Clear
72° wxIcon
Hi: 81° Lo: 67°
Feels Like: 72°
Marshall
Partly Cloudy
72° wxIcon
Hi: 80° Lo: 68°
Feels Like: 72°
A Calm Overnight
WTHI Planner
WTHI Temps
WTHI Radar

WTHI Events

 

Illinois Coronavirus Cases

(Widget updates once daily at 7 p.m. CT)

Cases: 1417263

Reported Deaths: 25865
CountyCasesDeaths
Cook56345210564
DuPage938521321
Will782101042
Lake692581028
Kane60143816
Winnebago34763524
Madison32544534
St. Clair30167526
McHenry29631299
Peoria23747347
Champaign21668159
Sangamon19714245
McLean18902194
Tazewell17530308
Rock Island15406329
Kankakee14758224
Kendall13521100
LaSalle12975254
Macon11202215
DeKalb10295122
Vermilion10272154
Adams9676129
Williamson8203138
Whiteside7254174
Boone694780
Ogle630084
Grundy606279
Clinton592893
Coles5882101
Knox5738157
Jackson547765
Henry516870
Macoupin499590
Livingston494694
Woodford493183
Franklin490279
Stephenson488886
Effingham483674
Marion4804118
Jefferson4679123
Monroe452594
Randolph433287
Lee424154
Morgan414593
Fulton411059
Logan408366
Christian395575
Bureau386487
Montgomery385874
Iroquois330368
Perry329662
Fayette327056
McDonough308151
Jersey279952
Saline272957
Douglas264736
Union250642
Lawrence245327
Shelby236938
Crawford220126
Bond213824
Cass211127
Carroll205337
Pike202753
Ford195250
Hancock194632
Clark191234
Wayne190453
Warren186750
Jo Daviess183624
Richland182440
White181826
Edgar180342
Washington169525
Moultrie168628
Mason164647
De Witt161529
Piatt156714
Johnson155916
Clay155543
Greene154834
Mercer152434
Wabash149412
Massac144641
Cumberland131119
Menard128712
Jasper117018
Marshall110819
Hamilton90616
Schuyler8157
Brown8136
Pulaski7477
Stark66825
Edwards63612
Calhoun5432
Henderson53414
Gallatin5144
Scott5091
Putnam4943
Alexander49211
Hardin39612
Pope3404
Unassigned592432
Out of IL20

Indiana Coronavirus Cases

(Widget updates once daily at 8 p.m. ET)

Cases: 769875

Reported Deaths: 13999
CountyCasesDeaths
Marion1057621807
Lake570271031
Allen43112700
Hamilton37395426
St. Joseph37377568
Elkhart29801471
Tippecanoe23544231
Vanderburgh23269405
Porter19593327
Johnson18880394
Hendricks18129323
Clark13595198
Madison13590347
Vigo12890256
Monroe12598178
LaPorte12585225
Delaware11170198
Howard10724237
Kosciusko9804124
Hancock8778150
Bartholomew8286157
Warrick8094157
Floyd8063182
Grant7387181
Wayne7244201
Boone7221105
Morgan6934143
Marshall6351117
Dubois6291118
Cass6101112
Dearborn603578
Noble602090
Henry5969111
Jackson518077
Shelby511698
Lawrence4946127
Gibson464296
Montgomery460392
DeKalb457885
Clinton457455
Harrison456477
Huntington419382
Whitley417945
Steuben411760
Miami406773
Jasper402155
Knox390491
Putnam386062
Wabash370984
Adams354456
Ripley352371
Jefferson345387
White340754
Daviess3094100
Wells304581
Greene295585
Decatur293293
Fayette287164
Posey283135
Scott282358
LaGrange278172
Clay275649
Washington255337
Randolph247983
Jennings239949
Spencer239331
Fountain236550
Starke229959
Owen223859
Sullivan222143
Fulton209145
Jay203332
Carroll198522
Orange192356
Perry190639
Vermillion181544
Rush178327
Tipton173448
Franklin172935
Parke156116
Pike143034
Blackford138132
Pulaski123848
Newton123536
Benton109915
Brown106443
Crawford106216
Martin92515
Warren88015
Switzerland8468
Union73610
Ohio58511
Unassigned0429