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US Sanctions Chinese, Russian, Singaporean Firms for North Korea Trading

The U.S. on Wednesday sanctioned companies in China, Russia and Singapore it says were violating the trade embargo with North Korea, Washington's latest effort to keep pressure on Pyongyang to end its nuclear weapons development. The U.S. Treasury accused China's Dalian Sun Moon Star International Logistics Trading Co., along with its Singapore-based affiliate, SINSMS Ltd., of falsifying documents to ease "illicit" shipments of alcohol and cigarettes into North Korea that netted the companies more than $1 billion a year. The U.S. also said that Profinet Ltd. in Russia violated United Nations sanctions by providing port services to already-sanctioned North Korean-flagged ships involved in oil shipments at three eastern Russia ports. The company's director general was also blacklisted. The sanctions freeze any assets they may have in the U.S. and blocks Americans from doing business with them. In announcing the sanctions, Treasury Secretary Steven Mnuchin said, "Treasury will continue to implement...

 

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