News

US Announces New Sanctions Linked To North Korea's Missile Program

SMS
US Announces New Sanctions Linked To North Korea's Missile Program
The U.S. Treasury Department announced dozens of new sanctions against nine entities, 16 individuals and six vessels.
SHOW TRANSCRIPT

The Trump administration announced dozens of new sanctions linked to North Korea's ongoing development of its nuclear and missile programs.

The U.S. Treasury Department is sanctioning nine entities, 16 individuals and six vessels.

"Treasury continues to systematically target individuals and entities financing the Kim regime and its weapons programs, including officials complicit in North Korean sanctions evasion schemes," said Treasury Secretary Steven Mnuchin.

A statement from the Treasury Department claims two of the sanctioned companies based in China "cumulatively exported over $68 million worth of goods to North Korea and imported more than $19 million worth of goods from North Korea" over three and a half years.

It's the latest round of sanctions meant to convince the regime to abandon its nuclear weapons program. The country has been largely quiet since agreeing to participate in the upcoming Winter Olympics. But in the past, it tested a ballistic missile, which it claims can hit the U.S. mainland.