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New US sanctions target virtually all ships North Korea is using: Mnuchin

New US sanctions target virtually all ships North Korea is using: Mnuchin

South Korea's decision on Thursday to allow in Kim Yong Chol, now sanctioned by the United States and South Korea, sparked protest from family members of the dead sailors and opposition parties. With Friday's measures, Mnuchin said the USA has gone after "virtually all their ships that they're using at this moment".

Kim Yong Chol now heads the United Front Department, the North's office responsible for handling inter-Korean affairs.

The trump administration persuaded the U.N. Security Council to impose its toughest sanctions on North Korea a year ago after the regime conducted its sixth nuclear test.

"I do want to say, because people have asked: North Korea", he said before briefly mentioning the sanctions.

Successively tougher sanctions imposed by the U.

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

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"The North Korean shipping industry is a primary means by which North Korea evades sanctions to fund its nuclear weapons and ballistic missile programs", the advisory reads.

One individual was also sanctioned - the Taiwanese businessman Tsang Yung Yuan, who, the United States treasury alleges, has been coordinating illicit North Korean coal exports with a Russian-based North Korean broker.

Additionally, the department designated a Taiwanese citizen, Tsang Yung Yuan, and two companies he owns or controls.

But the newest set of sanctions includes no such target.

"Today's actions will significantly hinder North Korea's ability to conduct evasive maritime activities that facilitate illicit coal and fuel transports, and limit the regime's ability to ship goods through worldwide waters", announced Mnuchin.

USA leaders have been keen to stress that North Korea still poses a nuclear threat despite warming ties with the South.

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"We'll have to see", Trump said. "Those who trade with North Korea do so at their own peril", Mnuchin said.

Kim Jong Un surprised the world when he said North Korea would join the Winter Olympics in South Korea, while South Korean President Moon Jae-in has delayed military exercises, feted Kim's sister at the Olympics opening ceremony in Pyeongchang and given conditional consent to a summit.

He said close co-operation between the United States and South Korea is important for the talks.

North Korea is known to falsify and hide information displayed on North Korean vessels, and to conduct ship-to-ship transfers prohibited under a UN Security Council resolution issued in September, the Treasury said.

In the document, the U.S. Treasury Department in conjunction with the Department of State and the Coast Guard outline the North's deceptive practices which enable it to circumvent maritime sanctions.

The sanctioned entities hail from "North Korea, China, Singapore, Taiwan, Hong Kong, the Marshall Islands, Tanzania, and Panama" among others, senior administration officials said.

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Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not. Yorkville Capital Management LLC boosted its holdings in NXP Semiconductors by 46.0% during the fourth quarter.


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