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Trump administration targets Chinese and Russian firms over illegal shipments to North Korea

  • The U.S. Treasury Department announced on Wednesday new actions directed at Chinese and Russian firms that it says have facilitated illicit shipments on behalf of North Korea.
  • The designations come as the U.S. continues to push North Korea to denuclearize and remains locked in a trade war with China.
KCNA | AFP | Getty Images This undated picture released from North Korea's official Korean Central News Agency (KCNA) on September 13, 2016 shows North Korean leader Kim Jong-Un (C) inspecting Farm No. 1116 under KPA Unit 810 at an un

KCNA | AFP | Getty Images This undated picture released from North Korea's official Korean Central News Agency (KCNA) on September 13, 2016 shows North Korean leader Kim Jong-Un (C) inspecting Farm No. 1116 under KPA Unit 810 at an un

The Treasury Department announced Wednesday new actions directed at Chinese and Russian firms that the department said have facilitated illicit shipments on behalf of North Korea.

The department announced designations against one individual and three companies. Those companies include a Chinese logistics firm and its affiliate in Singapore, as well as Russia-based Profinet and its director general.

The actions come as the U.S. continues to push North Korea to denuclearize and remains locked in a trade war with China. The sanctions also follow repeated criticism of President Donald Trumpfor perceived softness on Russia as special counsel Robert Muellercontinues to investigate the country's interference in the 2016 presidential election.

"Treasury will continue to implement existing sanctions on North Korea, and will take action to block and designate companies, ports, and vessels that facilitate illicit shipments and provide revenue streams to the DPRK," Treasury Secretary Steven Mnuchin said in a statement.

The Treasury Department said Wednesday that China-based Dalian Sun Moon Star, a logistics firm, as well as its Singapore-based affiliate SINSMS, used falsified shipping documents to ship alcohol, tobacco, and cigarette-related items into North Korea in violation of U.S. and U.N. sanctions.

North Korea has profited handsomely from its illicit cigarette trade, according to the Treasury Department, reportedly netting over $1 billion per year.

The Treasury Department also accused Russia-based Profinet of providing port services, including the supplying of fuel, to North Korean vessels on at least six occasions. The department said in the release that Profinet continued to offer its services to North Korean vessels "even after its employees knew of oil-related sanctions on North Korea."

Restricting oil imports to North Korea is a top priority of the U.S., though Chinese and Russian firms have hampered those efforts, experts have said.

"Oil is the life blood of North Korea's effort to build and fund a nuclear weapon," the U.S. ambassador to the U.N. Nikki Haley said in September 2017 after the U.N. passed sanctions on the country designed to limit its oil imports.

The department accused Profinet's director general Vasili Aleksandrovich Kolchanov, a Russian national, of being "personally involved" in the North Korean deals. The department said he interacted directly with representatives of the North Korean regime in Russia.

Source: CNBC

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