Ivanka Trump Briefs S Korean President on New North Korea Sanctions - Mnuchin

Images courtesy Japanese Ministry of Foreign Affairs

These shipping and trade companies, vessels and one individual, totaling 56 designations are located, registered or flagged in countries all over the world, including North Korea, China, Singapore, Taiwan, Hong Kong, Marshall Islands, Tanzania, Panama and Comoros.

But it took the President almost 80 minutes to mention the sanctions - which he did only briefly - at the end of his free-wheeling speech.

President Donald Trump addressed the new sanctions Friday while speaking at the Conservative Political Action Conference near Washington, D.C. "But hopefully the sanctions will work". I can assure you that is in the process.

The latest round hit nine worldwide shipping companies from China, Hong Kong, Singapore and Panama, and nine of their vessels, barring them from doing business with the U.S.

That's certainly a significant increase in pressure on North Korea as its foreign trade diminishes.

The U.S. Department of Treasury also released an advisory to accompany the sanctions, which includes additional information on the North's illicit maritime practices.

The announcement named nine worldwide shipping companies and nine of their vessels, including some based or flagged in China, the Comoros, and Panama.

In November, the Treasury Department blacklisted three Chinese companies that it said had "cumulatively exported approximately $650 million worth of goods to North Korea and cumulatively imported more than $100 million worth of goods from North Korea". Tsang has a record of sanctions evasion activities, according to Treasury.

The U.N. Security Council has steadily boosted sanctions on North Korea since 2006, when North Korea conducted its first of its six nuclear tests.

"The President has made it clear to companies worldwide that if they choose to help fund North Korea's nuclear ambitions, they will not do business with the United States", Mnuchin said.

President Trump announced a new round of shipping sanctions against North Korea to stop oil and other prohibited products from reaching the country.

China's compliance efforts have been hampered by a number of incidents of sanction-busting operations.

After that, no crude exports to North Korea are recorded, but market sources in North Asia say North Korea now takes about 6 million barrels/year of Chinese crude.

"Parties subject to USA and/or United Nations (UN) sanctions should be aware of these practices in order to implement appropriate controls to ensure compliance with their legal requirements", it said.

These sanctions come after ever-mounting tensions with the DPRK and while senior advisor Ivanka Trump leads a delegation at the Winter Olympic closing ceremonies in Pyongchang, South Korea. But we'll have to see. "She has been part of the team". Her arrival at the airport was broadcast live on TV, and she had dinner with President Moon Jae-in in the presidential compound, according to South Korean media.

Ivanka Trump said the United States is committed to putting "maximum pressure" against the North Korean regime.

The US is "going to ask all of our allies and partners to step up and do more as well and join us in that effort", she added.

During the dinner, President Moon said that the denuclearization dialogue and the inter-Korean dialogue on the Korean Peninsula can not go separately, and this process should progress hand-in-hand, according to Yoon Young-chan, a spokesperson for the presidential Blue House in Seoul.

Relations between the North and the South have been closely watched for the duration of the games.

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