Worldwide

Treasury announces 'largest-ever' sanctions against North Korea

Treasury announces 'largest-ever' sanctions against North Korea”

"We are ramping up the pressure on the North Korean regime, and we're going to use every tool at our disposal, including working with our allies and through the UN, to increase the pressure until North Korea reverses course", US Ambassador to the UN Nikki Haley said in a statement.

North Korea advanced its ballistic missile and nuclear weapons development programs at an alarming rate previous year, testing intercontinental ballistic missiles able to range the continental US and hydrogen bombs created to level entire cities.

Announced by Treasury's Office of Foreign Assets Control (OFAC) the sanctioned ships are registered or flagged in China, Comoros, Hong Kong, Marshall Islands, Panama, Singapore, Taiwan, and Tanzania - as well as North Korea.

The Treasury Department's Office of Foreign Assets Control described the move as the largest North Korea-related sanctions action yet, in the ongoing U.S. "maximum pressure campaign" to force Pyongyang to relinquish its nuclear weapons and missile programmes. If the sanctions don't work we'll have to go to phase two.

Treasury Secretary Steven Mnuchin said the USA is seeking to "significantly hinder" North Korea's ability to conduct illicit shipping in worldwide waters.

The US is also issuing a global shipping advisory, in conjunction with the Coast Guard and the State Department, to put everyone on notice of North Korea's illicit maritime tactics, and underscore the significant sanctions risk of engaging in maritime business with North Korea, Mnuchin said. And frankly, hopefully something positive can happen.

Japanese 'baby factory' dad wins custody of 13 Thai surrogate children
Thirteen babies were taken into care in 2014 and have been watched over by the Ministry of Social Development and Human Security. Growing up with a biological parent will also be in the children's best interests, the court added.

Bubba joins Palmer, Hogan as three-times Los Angeles victor
American Sam Saunders was seven-under with three to play when darkness fell with a handful of players on the course. Watson finished two strokes in front of Kevin Na and Tony Finau, who both carded 69s for 10-under 274.

Google Pay begins rollout across the globe
Users in the USA and United Kingdom , though, will also soon be able to use the Google Pay app for sending and requesting money. And we can, apparently, expect to see Google partner with a lot more online and in-store brands in the future.

The Security Council unanimously voted to ban almost 90 percent of refined petroleum exports to North Korea, and order North Koreans who work overseas to return to the country within 24 months, on December 22.

The sanctions freeze any United States assets and ban U.S. businesses and people from any dealings with the targets. The administration on Friday also targeted 16 North Korean shipping companies and 19 of their vessels. In her remarks, Trump said she was in South Korea to celebrate the Olympics and to reaffirm the U.S. commitment to a "maximum pressure campaign to ensure that the Korean Peninsula is denuclearized". Her arrival at the airport was broadcast live on TV, and she had dinner with President Moon Jae-in in the presidential compound, according to South Korean media.

During his recent trip to the Asia Pacific, Vice President Mike Pence offered a preview of the latest move in the administration's maximum pressure campaign, revealing in Japan the president's plan to hammer North Korea with the "toughest sanctions ever".

The differences in how the US and South Korea hope to achieve denuclearization were also apparent during the banquet.

"We are working on Russian Federation sanctions", Mnuchin said.

Ivanka Trump is in South Korea as part of the U.S. delegation that will attend the closing ceremony of the 2018 Winter Olympics. Treasury Secretary Steven Mnuchin said the US has now blacklisted virtually all ships being used by the North.



Like this

Latest


24 February 2018
Snow showers expected for Limerick amid warning of 'exceptionally cold weather'
The national forecaster warned of potential disruptions to power lines, roads, railroads and even cuts to mobile phone services. A cold snap is set to hit Ireland over the coming days and disruptive snow showers are likely, according to Met Eireann .

24 February 2018
Chargers awarded one compensatory pick for 2018 NFL Draft
Compensatory picks are positioned within the third through seventh rounds based on the value of the compensatory free agents lost. The NFL released its compensation picks for the 2018 NFL draft , and as expected the Patriots got one.

23 February 2018
Henrikh Mkhitaryan Starts - Arsenal Team vs Ostersunds Confirmed
Arsenal , on the other hand, will likely take the competition more seriously to maintain composure. Arsenal star Mesut Ozil has divided opinion amongst Gunners fans during his time in north London.

23 February 2018
Thanks for the sauce, McDonald's - even if it's a few months late
Twenty years later, the sauce has a fan following, which was referenced in an episode of " Rick and Morty ". The company noted it would only be "while supplies last (which this time around, we hope is a while)".

23 February 2018
'I hear you': Trump's notes for shooting survivors meeting revealed
On Wednesday, Mr Trump met with victims and families from the school to offer his sympathies. Student Justin Gruber said teachers and students must be able to feel safe in schools.

22 February 2018
Syrians cower in basements as bombs pound enclave
The Observatory said the bombardment had killed more than 106 adults and children in eastern Ghouta on Tuesday alone. Russian Federation must end its support of the Assad regime and its allies.

21 February 2018
Mueller's Move on Ex-Skadden Lawyer Puts Heat on Manafort, Gates
Ms Tymoshenko was jailed the year before for criminally exceeding her powers, charges she said were politically motivated. Gates joined Trump's campaign in June 2016 after then-candidate Trump hired Manafort to chair his presidential campaign.

21 February 2018
Trump tweets denial of woman's claim he kissed her without consent
However Trump, who married his wife Melania a year before the alleged encounter took place, has now responded, using Twitter to issue a full and frank denail.

20 February 2018
United States to reveal drill plan next month
Taking aim at the joint exercises, one commentary slammed Marc Knapper, the current charge d'affaires at the U.S. Embassy in Seoul , who said earlier this month that the drills would be conducted in April.

20 February 2018
Red Sox Land Big Name Slugger With Massive Contract
The Red Sox won the AL East, with 93 wins in 2017, in spite finishing last in the American League with 168 homers last season. That included a destructive 62-game tour with the Arizona Diamondbacks after a mid-July trade from the Detroit Tigers .



Recommended