Home Breaking News Treasury sanctions Chinese, Russian firms for helping North Korea’s weapons program

Treasury sanctions Chinese, Russian firms for helping North Korea’s weapons program

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Bloomberg News


Treasury Secretary Steven Mnuchin, right, said the U.S. will “continue to increase pressure on North Korea.”

The U.S. Treasury named 10 Chinese and Russian firms and six related individuals to its North Korea sanctions list Tuesday for allegedly aiding Pyongyang’s weapons program.

The actions include targeting major coal exporters that North Korea leader Kim Jong Un allegedly relies on to help fund his nuclear weapons and ballistic missile programs. It follows an escalation in U.S. and United Nations sanctions in response to a series of weapons test and threats by the regime to destroy America.

“Treasury will continue to increase pressure on North Korea by targeting those who support the advancement of nuclear and ballistic missile programs, and isolating them from the American financial system,” Treasury Secretary Steven Mnuchin said in a statement. “We are taking actions consistent with U.N. sanctions to show that there are consequences for defying sanctions and providing support to North Korea, and to deter this activity in the future.”

An expanded version of this article is available at WSJ.com.

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