11 months US penalizes shipping firms aiding Pyongyang Manilatimes |World
WASHINGTON, D.C.: The US Treasury on Friday announced penalties against Taiwanese and Hong Kong shipping firms it says are helping North Korea circumvent United Nations sanctions on Pyongyang’s oil exports and imports. The companies are helping North Korea with “illicit ship-to-ship (STS) transfers to circumvent United Nations (UN) sanctions that restrict the import of petroleum products,” Treasury said. The firms “engaged in at least one significant importation from or exportation to North Korea of any goods, services, or technology.”
The Treasury’s Office of Foreign Assets Control blocked the assets of Taiwan-based Jui Pang Shipping Co Ltd (Jui Pang) ... more