U.S Places Trade Sanctions on Chinese, North Korean Organizations

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· United States places sanction on North Korean Organization and 13 other Chinese organization for helping evade nuclear and trade restrictions against Pyongyang. US Treasury Secretary Steve Mnuchin announced.

· Trump administration focuses on ending the trade relationship between China and North Korea as a way of preventing Pyongyang from developing a nuclear-tipped missile capable of hitting the United States.

“This designation will impose further sanctions and penalties on North Korea and related persons, and supports our maximum pressure campaign to isolate the murderous regime,” said Treasury Secretary Steven T. Mnuchin. “As North Korea continues to threaten international peace and security, we are steadfast in our determination to maximize economic pressure to isolate it from outside sources of trade and revenue while exposing its evasive tactics,” said Treasury Secretary Steven T. Mnuchin. He added.

The new sanctions also hit several North Korean companies that send workers to countries such as Russia, Poland, Cambodia and China. United States authorities said they are seeking to cut off the money North Korea makes from the export of labour.
The organization were blacklisted because they were involved in the trade of coal, iron ore, lead, zinc and silver ore, lead metal and ferrous products as well as notebook computers.