US Sanctions Russian, Chinese Firms as Pompeo Meets China's FM

The U.S. Treasury Department said it imposed sanctions Friday on a Russian bank for helping North Korea avoid U.N. Security Council actions to restrain Pyongyang's nuclear weapons and ballistic missile programs. The development comes as U.S. Secretary of State Mike Pompeo is expected to urge leaders of Southeast Asian countries in Singapore on Saturday to maintain sanctions against Pyongyang, which is negotiating with the U.S. to dismantle its weapons programs. The agency said Moscow-based Agrosoyuz Commercial Bank expedited "a significant transaction" with an individual who the U.S. blacklisted for being involved in North Korea's weapons development programs. Treasury said the Russian bank conducted the transaction for Han Jang Su, the Moscow-based head of North Korea's Foreign Trade Bank (FTB), Pyongyang's primary foreign exchange bank. Han's deputy, Ri Jong Won, who is also based in Moscow, also was targeted. The department said both Han and Ri should be expelled from Russia under U.N. resolutions designed to pressure North Korea over its weapons programs. Treasury also targeted what it said were two FTB front companies, China-based Dandong Zhongsheng Industry & Trade Co. Ltd. and Korea Ungum Corporation. Pompeo met Friday with Chinese State Councilor and Foreign Minister Wang Yi in Singapore. The two men did not speak to the press after the meeting, but shortly thereafter China warned it would impose new tariffs on $60 billion worth of U.S. goods if the Trump administration follows through with its latest trade threats. The Commerce Ministry said the proposed tariffs of 5 percent to 25 percent on more than 5,200 U.S. goods are restrained and maintained it has the right to take retaliatory action in the escalating trade war between the world's two largest economies. On Thursday, the Chinese Foreign Minister told reporters the U.S. needed to calm down and consider its own consumers,... If you wish to read this full breaking news headline, plus more articles from around Thailand and Asia like, US Sanctions Russian, Chinese Firms as Pompeo Meets China's FM, simply click on 'Read full story' below, but 1st please give us a 'LIKE' or 'SHARE' before you leave. Thank you US Sanctions Russian, Chinese Firms as Pompeo Meets China's FM





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Published By: VOA NEWS - Friday, 3 August, 2018



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