US announces new North Korea sanctions

US announces new North Korea sanctions

The two information technology companies are actually North Korea-controlled companies, the Ministry of Finance said on Tuesday that Russian-based company Volasys Silver Star, China-based China Silver Star and its CEO Jong Song Hwa were violating US sanctions.

"These measures are designed to prevent illegal income from information technology experts from overseas to flow to North Korea, which disguise their true identity and hide behind front companies, aliases and third-country nationals," said Finance Minister Steven Mnuchin in a statement.

He warned the IT industry, businesses and individuals around the world to make arrangements to ensure that they do not unknowingly engage North Korean workers in technology projects by doing business with companies such as those named today. "

Thursday's announcement of sanctions is the latest sign that the US will step up pressure on Pyongyang to end its nuclear and ballistic missile programs. White House officials confirm that there has been no progress in denuclearization, even though President Donald Trump is considering a second summit with North Korean leader Kim Jong Un.
On Wednesday, the Pentagon said the US and its allies were on the verge of launching a new initiative to publicly expose North Korea's violations of sanctions aimed at curbing its nuclear and missile programs, according to CNN.

Defense officials say that North Korea regularly uses "deceptions to circumvent UN sanctions" with ship-to-ship transfers, and while the US and its allies are quietly working to stop this smuggling, the effort will now become more public. " Name and disgrace "Pyongyang and his enablers.

The US has sanctioned the pressure on Pyongyang to abandon its nuclear weapons and missile program, even if it continues to be diplomatic.

"The United States will continue to enforce and implement the sanctions until we reach the final, fully verified denuclearization of North Korea," Mnuchin said Thursday.

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The UN Security Council has determined that the revenues of North Korean workers abroad contribute to the country's nuclear weapons and ballistic missile programs.

The Treasury announcement that North Korea is selling a range of IT services and products abroad, including website and app development, security software and biometric identification software, which have military and law enforcement applications. It also warned caution and warned companies against realizing that North Korean companies were using fraudulent practices and camouflaging themselves through the use of front-line companies, aliases and third-country nationals acting as mediators.

CNN's Ryan Browne contributed to the coverage.

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