Treasury Slaps Sanctions On China, Russia Entities And Individuals Over North Korea

Tyler Durden's picture

In a move that is certain to infuriate China further and result in another deterioration in diplomatic relations between Washington and Beijing, moments ago the United States slapped both Chinese and Russian entities and individuals with new sanctions in the Trump administration's escalating attempts to pressure North Korea to relent and stop its nuclear program and occasional missile launches.

The Treasury Department's Office of Foreign Assets Control said it would target 10 entities and six individuals who help already sanctioned people who aid North Korea's missile program or "deal in the North Korean energy trade." The U.S. also aims to sanction people and groups that allow North Korean entities to access the U.S. financial system or helps its exportation of workers, according to the Treasury:

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated 10 entities and six individuals in response to North Korea’s ongoing development of weapons of mass destruction (WMD), violations of United Nations (UN) Security Council Resolutions, and attempted evasion of U.S. sanctions.  Today’s sanctions target third-country companies and individuals that (1) assist already-designated persons who support North Korea’s nuclear and ballistic missile programs, (2) deal in the North Korean energy trade, (3) facilitate its exportation of workers, and (4) enable sanctioned North Korean entities to access the U.S. and international financial systems

As a result of the latest action, "any property or interests in property of the designated persons in the possession or control of U.S. persons or within the United States must be blocked, and U.S. persons are generally prohibited from dealing with them."

Speaking on today's sanctions, Steven Mnuchin who, or rather whose wife today is in the news for an entirely different reason, made the following statement:

“Treasury will continue to increase pressure on North Korea by targeting those who support the advancement of nuclear and ballistic missile programs, and isolating them from the American financial system,” said Treasury Secretary Steven T. Mnuchin. 


“It is unacceptable for individuals and companies in China, Russia, and elsewhere to enable North Korea to generate income used to develop weapons of mass destruction and destabilize the region.  We are taking actions consistent with UN sanctions to show that there are consequences for defying sanctions and providing support to North Korea, and to deter this activity in the future.”

Among the companies sanctions in regards to North Korea's "WMD program" are the following:

OFAC designated China-based Dandong Rich Earth Trading Co., Ltd. for its support to UN- and U.S.-designated Korea Kumsan Trading Corporation, an entity OFAC previously designated for being owned or controlled by, or acting or purporting to act for or on behalf of, directly or indirectly, the UN- and U.S.-designated General Bureau of Atomic Energy, which is responsible for North Korea’s nuclear program.  Dandong Rich Earth Trading Co., Ltd. has purchased vanadium ore from Korea Kumsan Trading Corporation.  UNSCR 2270 prohibits North Korea’s exports of vanadium ore, and requires member states like China to prohibit the procurement of vanadium ore from North Korea.


OFAC designated Gefest-M LLC and its director, Russian national Ruben Kirakosyan, for support to the UN- and U.S.-designated Korea Tangun Trading Corporation, also known as Korea Kuryonggang Trading Corporation, which is subordinate to the UN- and U.S.-designated Second Academy of Natural Sciences, an entity involved in North Korea’s WMD and missile programs.  Gefest-M LLC, a company based in Moscow, has been involved in the procurement of metals for Korea Tangun Trading Corporation’s Moscow office.


OFAC also designated China- and Hong Kong-based Mingzheng International Trading Limited (“Mingzheng”).  Mingzheng acts as a front company for UN- and U.S.-designated Foreign Trade Bank (FTB), and it has provided financial services to FTB by, among other things, conducting U.S.-dollar denominated transactions on behalf of FTB.  FTB is North Korea’s primary foreign exchange bank; it was designated by the United Nations on August 5, 2017 as part of UNSCR 2371.  OFAC designated FTB in 2013 for facilitating transactions on behalf of North Korea’s proliferation network, including for UN- and U.S.-designated Korea Mining Development Corporation and Korea Kwangson Banking Corporation.  On June 29, 2017, OFAC designated Mingzheng’s owner, Sun Wei.

The Treasury also designated three Chinese coal companies collectively responsible for importing nearly half a billion dollars’ worth of North Korean coal between 2013 and 2016.  Dandong Zhicheng Metallic Materials Co., Ltd. (“Zhicheng”), JinHou International Holding Co., Ltd., and Dandong Tianfu Trade Co., Ltd. have sold, supplied, transferred, or purchased coal or metal, directly or indirectly, from North Korea, and the revenue may have benefitted the nuclear or ballistic missile programs of the Government of North Korea or the Workers’ Party of Korea.  JinHou International Holding Co., Ltd. and Dandong Tianfu Trade Co., Ltd. also were designated for operating in the mining industry in the North Korean economy.

Meanwhile, top U.S. officials have said they do not want to take military action against North Korea unless it is a last resort, and as a result getting China to cooperate is seen as a key part of a diplomatic solution.

Of course, what this latest round of sanctions will achieve, is to further anger Beijing and the local population, in the process making a diplomatic solution even more unlikely and "forcing" America's ruling Generals, Kelly and McMaster to launch the first "preemptive" shot against Pyongyang.

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holgerdanske's picture



“It is unacceptable for individuals and companies in China, Russia, and elsewhere to enable North Korea to generate income used to develop weapons of mass destruction and destabilize the region. "


Weapons of mass destruction????


Damn! Now where did I hear this before?? hmm!


JRobby's picture

We see all your transactions and movements of money

We make up shit about people cutting in on our action


froze25's picture

The biggest take from Trumps speech is the pivot to India, its basically a F,U to China.

07564111's picture

Modi is just foolish to believe that the US will step in if things ever go boom with China.

BaBaBouy's picture

Didhe get laid last night ???

Shemp 4 Victory's picture

More flailings of a dying empire, trying to remain relevant.

Meanwhile, top U.S. officials have said they do not want to take military action against North Korea unless it is a last resort

Translation: "We are desperately looking for even the flimsiest of pretexts to use as a fig leaf to cover an overt war of aggression."

Bay of Pigs's picture

I was telling a friend last night about about Rich, the Awan brothers, Wasserman Schultz and the DNC.

He didn't know who any of these people are, and I'm pretty sure 98% of all Americans don't know any of them either. This story has been shoved down the rabbit hole.

chunga's picture

I blame the red team in congress, and I also blame Trumps for the selective use of his bully pulpit.

My bet is he's not going to denounce Assange after the meeting with Rohrabacher, it will just never be spoken of again in the Imperial City.

shovelhead's picture

Better call CNN.

They'll get right on it , I'm sure.

Posa's picture

But any attack will be an attack on China... so that option is out

The Ram's picture

Pivot to India.  Wowl, what a pivot.  I agree with your assessment but why would the US want to pivot to a country where 50% of the people are street shitters?  I see where this Trump 'foreign policy' team is even more clueless than Obamas!! is Trump connected to an essential reality.  I am not sure I have the imagination to even invent shit so surreal.  So, for me to summarize:  After 16 years, we will attack the Taliban, and Pakistan and India will assist us and have our back!  In the interim, we will alienate Russia and China because they are total weaklings and because we do nt trade with China. Addendum: in the event of war with NK, the Russians and Chinese will have our backs and make sure the war goes our way AND they will be happy to help with the clean-up of the Korean Peninsula when millions of refugees are milling about.  Ok, got it!  sarc off

asstrix's picture

If India trust the USA, Indians well deserve what they get in return.

Trivictus's picture

CNN just reported that sanctions on Russia is proof of Russian collusion.  Smoking gun.

Honey-Badger's picture

Funny considering the US does this day in day out....

kochevnik's picture

Note how Ukrainian government caught selling ballistic missiles to NK, yet no sanctions?

hedgeless_horseman's picture


Your comment could have Won the Internets for the Day, were it not for the question mark at the end.

Keep swinging!

cheech_wizard's picture

Have no fear, I'll run with his comment all over social media later this's just a matter of shoving it in the faces of everyone all at once.

Standard Disclaimer: I do need to build-a-bot just for this purpose.


07564111's picture

the same words from the same tribe of evil that would have us believe Saddam threw babies out of incubators.

bring it on fuckers ;)

Blankone's picture

They will bring it. The baby thing worked, even the small portion of the US public who no longer believes it does not care much that it was a lie. The US public does not care that the entire destruction and mass killing in Iraq was all based upon lies. Nor do they care about the mass killings in Libya. Or Syria.

How long until TPTB co-opt the a few of the right people in India and get a hot conflict going between India and China?

Trump is weaponizing the US economy and access to US markets. Now if you build weapons to defend yourself anyone who doe business with your country can be isolated from US markets and possibly jailed if caught in a US friendly country.

Just like the SJW's, antifa and feminists - the hypocrisy from Trump is mind blowing, but nothing new for the US.

shovelhead's picture

I'm going to guess you preferred OBoma's hypocrisy much better.

Blankone's picture

Not at all, although I fear Trump is stomping on the gas pedal of stupidity much more than Obama. Of course Bush did not start it all but his admin really go the ball moving.

What I do not do is turn a blind eye or make excuses for Trumps actions because of Obama or any other.

SickDollar's picture

don't put words in his mouth or assume

he is stating a fact, do you deny the facts statted by the user ? show us proof

I say fuck all them (Obama, Hillary, politicians,  and this yellow idiot who is the new puppet of Wall street)

king leon's picture

When you refer to "This yellow idiot " do you mean Kim or Trump?

SickDollar's picture

that question can only be asked by a non critical thinking person


veritas semper vinces's picture

Stating the truth about a person doesn't mean /imply you prefer another person because he did it too or not.

Try to refute what he said with arguments.

PS: I don't agree with him all the time,only when he's right. And he is now.

BandGap's picture

Well we know that the staunch ally of the US, Ukraine, sold them rocket motors (along with the manuals and training).

This allegation might have a little more substance to it.

tmosley's picture

Are you trying to claim that North Korea doesn't have nuclear and bc weapons?

holgerdanske's picture

No, I am not even trying to chime in on that.

I just know last time I heard about WMD it was a lie.

To be quite frank, I am worried on behalf of any country that gets on the wrong side of US with no means of defending itself.




Most of the rest of the world knows what it is to fight a war on their own home land.

To the average US citizen, war is just something we see on the news for a few minutes before we go to sleep in our comfortable beds. If the US was ever invaded and we had to fight a ground war, defending ourselves, I think we would be less likely to bomb other countries into rubble.

ElTerco's picture

tmosley is right. North Korea (1) has nukes and (2) has very clearly stated, repeatedly and consistently, that as soon as it can use them against the USA, it intends to do so. This is very different than the "fake news" generated for the Iraq war.

asstrix's picture

"..has very clearly stated, repeatedly and consistently, that as soon as it can use them against the USA, it intends to do so."

I don't think this is correct. Do you have a link to something where they state this? It is the USA that is holding war games near Korea on a regular basis, not the other way.

general ambivalent's picture

If you ever need an answer to the question, 'Which Drumpftard will support this?' Just call tmosley.

LastLegion's picture

And Israel?  Do we get sanctioned for them?

HRClinton's picture

Only (((Sampsonites))) are allowed to have the Sampson Option. 

They cry out in pain as they strike, shoot or bomb you.

Wang Dang SP's picture

I'm guessing Hilldabeast has some stock in these companies.

robertocarlos's picture

Jesus. I was only kidding about the "your wife's a whore" part. Now I won't get my potatoes.

DeeZ_nutZ's picture

1.  Fuck/marry a hot bitch.

2.  Slap sanctions on bitches.

3.  Profit.

Consuelo's picture



These AIPAC/Wolfowitz soldiers really think they have the geopolitical landscape figured out, two moves ahead even...

farflungstar's picture

Yehudi only wants what's best for you. He wants to protect you, Goy.

Ben A Drill's picture

China to USA: Our prices are going higher, much higher.

froze25's picture

US to China, no problem we are moving to India.

Herodotus's picture

The only problem with that is that turmeric weakens the steel.

land_of_the_few's picture

ACM International Collegiate Programming Contest
Highest Rank Of Countries In Last Final (2017)

You can be first in line to buy an Indian TV and computer.

You can buy a car, too - you're good with your hands, right?

froze25's picture

Totally understood, we have Chinese crap and India crap. The point is that their are other options to buy crap from, be it India or Vietnam. The bigger issue is if we do move to buying our crap from India over China, China has a serous employment problem to deal with along with way more men then women and a shrinking population due to the one child policy finally catching up to them.

HowdyDoody's picture

China sells its crap to the rest of the world as well as the US. US population 320 million (ish) ROW population 3.2 billion (ish excluding the really poor and China itself) so a 10% loss of market assuming a total stop on supplies to the US? Maybe it is more like 20%? Maybe that is a price worth paying?

Honey-Badger's picture

These articles always fail to mention that the sanctions are applied using the US dollar based SWIFT payment system. Talk about your global hegemony, this system is used as the primary first strike weapon against countries that do not follow the Luciferian banksters orders. Any country with any sort of brains in the political class should be bypassing and putting alternate systems in place.

holgerdanske's picture


Fuck the banksters.

holgerdanske's picture

He he, we have at least three banksters reading this. Mnuchin, his wife and who is the last??