New US penalties on Chinese, Russian firms over North Korea

The Associated Press

WASHINGTON — The Trump administration on Tuesday imposed sanctions on 16 mainly Chinese and Russian companies and people for assisting North Korea’s nuclear and ballistic missile programs and helping the North make money to support those programs.

The penalties are intended to complement new U.N. Security Council sanctions and further isolate North Korea for its nuclear and missile tests amid heightened tensions that have led to threats from both sides, the Treasury Department said in a statement. The 16 affected entities either do business with previously sanctioned companies and people, work with the North Korean energy sector, help it place workers abroad or facilitate its evasion of international financial curbs.

The measures block any assets they may have in U.S. jurisdictions and bar Americans from transactions with them.

“It is unacceptable for individuals and companies in China, Russia, and elsewhere to enable North Korea to generate income used to develop weapons of mass destruction and destabilize the region,” Treasury Secretary Steven Mnuchin said. “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.”

Among those sanctioned are six Chinese companies, including three coal companies; two Singapore-based companies that sell oil to North Korea and three Russians that work with them; a Russian company that deals in North Korean metals and its Russian director; a construction company based in Namibia; a second Namibia-based company, and its North Korean director, that supplies North Korean workers to build statues overseas to generate income for the North.

SportsPlus

McNeese Sports

Southland welcomes two new members

Local News

Supreme Court rules ex-presidents have broad immunity, dimming chance of a pre-election Trump trial

Business

Names in the News: People shaping the future of Lake Area business

life

On Campus: SW La. students recognized for achievements

Local News

How will Louisiana’s new Ten Commandments classroom requirement be funded and enforced?

Local News

Biden meets with his family amid pressures to step down after debate

Local News

Donation celebrated by Second Harvest, but volunteers are still needed

Local News

Grand Avenue Gym: DeQuincy landmark fading fast, group fighting to save it says

Local News

Beryl becomes major hurricane forecast to bring life-threatening conditions to Caribbean

life

Fourth of July festivities in Jennings will kick off with Stars and Stripes Festival

Local News

Ceremony held at Fort Johnson for deploying troops

Jim Beam

Jim Beam column:Don’t expect new candidates

life

SW La. nightlife calendar: There’s always something to do

life

USAF Band of the West making Lake Charles stop

high-school Sports

Upgrades planned for Jerry Simmons football stadium in Jennings

Crime

Lafayette teen charged in Ernest Street fatal shooting

Crime

6/28: Calcasieu Parish Sheriff announces arrest list

Local News

Longhorns make quite a statement to the SEC

Local News

Bicyclist fatally struck after allegedly running stop sign

Local News

PHOTO GALLERY: Stitch Guillory sworn in as sheriff

Local News

Sheriff Guillory: ‘I am living MLK’s dream’

Local News

Supreme Court allows cities to enforce bans on homeless people sleeping outside

Local News

Work begins on new artificial reef off Cameron coast to provide habitat

Local News

Trump, Biden square off for the first time in the 2024 election season