The Trump administration unveiled new sanctions and economic pressure aimed at North Korean dictator Kim Jong Un’s expanding nuclear and chemical weapons programs this week; clamping down on international businesses and trading partners that continue to conduct business with the brutal communist regime.
Treasury Secretary Steven Mnuchin announced the crippling new guidelines Wednesday, saying the US refuses to sit idly as the Hermit Kingdom continues to test nuclear warheads and long-range ballistic missiles; adding America will do all it can to stop Kim’s “destabilizing activities.”
“We are sanctioning additional oil, shipping, and trading companies that continue to provide a lifeline to North Korea to fuel this regime’s nuclear ambitions and destabilizing activities,” said Mnuchin.
The new policy highlights the President’s suspicions that Russia and China are covertly aiding Kim’s regime, sending fuel and food supplies already banned by recent UN sanctions.
“[The United States] designated 10 representatives of the Korea Ryonbong General Corporation (Ryonbong), which has been designated by the UN and the United States,” said the Treasury Secretary. “Ryonbong specializes in acquisition for North Korean defense industries and support to Pyongyang’s military-related sales. Its procurements also probably support North Korea’s chemical weapons program.”