Published: Mon, January 29, 2018
Hi-Tech | By Preston Stone

Treasury imposes new sanctions on entities, individuals linked to North Korea

Treasury imposes new sanctions on entities, individuals linked to North Korea

China's chief envoy for North Korean affairs said Friday the reasons he hasn't visited Pyongyang are "complicated" but that China remains committed to finding a diplomatic solution to tensions over the North's nuclear weapons program.

North Korean singers, dancers and musicians will perform in South Korea a day before the Pyeongchang Winter Olympic Games begin.

Pairs figure skaters Ryom Tae-ok and Kim Ju-sik stood on the podium as "The Star-Spangled Banner" played and a North Korean flag was raised beside two American flags.

She stressed that the United States goal is a denuclearised Korean Peninsula, and talks between the USA and North Korea can not proceed until that end point is agreed upon.

The South Korean government is optimistic, however, other observers are skeptical, asserting the North is manipulating the South, trying to drive a wedge between Washington and Seoul, as well as define itself as a normal nuclear state. North and South Korea have agreed to make a joint entrance under a unified Korean Peninsula flag at the opening ceremony. Any assets inside the United States owned by these entities have been frozen, the OFAC said.

The US has led an worldwide campaign to tighten sanctions on North Korea to force it to give up development of nuclear weapons and missiles capable of hitting the US.

The U.S.is encouraging China and Russian Federation - where they are living - to kick them out.

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Pyongyang offered to "promote contact, travel, cooperation and exchange between the North and South on a wide scale to remove mutual misunderstanding and distrust".

Reuters had discovered eight vessels, including the now sanctioned Kum Un San, as perpetrators of a transportation scheme in which ships would lie about their final destinations and head to North Korea with fuel products.

The South Korean and North Korean squads are due to hold separate training sessions before the first joint practice takes place next week. "The South Korean president's approval rating has dropped in recent days as well".

The Treasury Department's Office of Foreign Assets Control also targeted five North Korean shipping companies and six of its vessels.

A senior U.S. official said this week that despite the Trump administration's recent public focus on Russia, China remained the main culprit in North Korea sanctions busting.

Central Intelligence Agency director Mike Pompeo has said North Korea is "a handful of months" away from being able to make a nuclear attack on the United States.

The announcement also pointed that joint military exercises with "outside forces" have not helped in the reunification of the Koreas, specifically calling for Seoul to stop drills with the USA "forever".

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