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U.S. seeks to impose direct sanctions targeting Chinese banks with links to North Korea

U.S. seeks to impose direct sanctions targeting Chinese banks with links to North Korea

After getting somewhat disappointed at the weaker-than-expected UN resolution on North Korea,… the U.S. appears ready to make good on its pledge to target secondary entities with close connections to the regime. As a result, a significant number of Chinese financial institutions could find themselves subject of new U.S. sanctions. Watchers say Washington’s move is …

U.S. should impose secondary sanctions on Chinese firms doing business with N. Korea: King

U.S. should impose secondary sanctions on Chinese firms doing business with N. Korea: King

A former U.S. human rights envoy for North Korea is calling on the Trump administration to impose secondary sanctions on Chinese firms doing business with the North. Speaking at the American Enterprise Institute in Washington on Monday,… Robert King accused Beijing of being a “problem player” when it comes to Pyongyang. Noting the limited trade …

Obama defends sanctions imposed on Russia

Obama defends sanctions imposed on Russia

U.S. President Barack Obama has urged President-elect Donald Trump to keep separate the issue of economic sanctions on Russia from the pursuit of talks to reduce nuclear stockpiles. In his final press conference as president on Wednesday, Obama defended the sanctions imposed on Moscow over its incursion into Ukraine and annexation of Crimea. He noted …

Moon, Abe agree to impose maximum pressure on N. Korea

Moon, Abe agree to impose maximum pressure on N. Korea

Talks were held once again, between President Moon Jae in and Prime Minister Shinzo Abe this morning. The topic: how to deal with North Korea’s latest provocation. The duo saw eye to eye on pursuing new sanctions against the regime. Hwang Hojun starts us off with that phone meeting. President Moon Jae-in and his Japanese …

EU to impose extra sanctions on N. Korea

EU to impose extra sanctions on N. Korea

The European Union has mulled extra sanctions on North Korea over its latest test of an intercontinental ballistic missile. The EU added 9 individuals and 4 more institutions that have been yet to be identified on their restriction list on Thursday. The European Council of EU governments announced the state-owned Foreign Trade Bank is now …

Japan adopts resolution to impose unilateral sanctions against N. Korea

Japan adopts resolution to impose unilateral sanctions against N. Korea

Japan has begun crafting its own response: Its lower house unanimously adopted a resolution today… condemning North Korea for Sunday’s long-range rocket launch. Japanese Prime Minister Shinzo Abe announced that his country has decided to move towards imposing ITS own sanctions against Pyongyang… in hopes of curbing the regime’s nuclear and missile ambitions. Oh Jung-hee …