"Choose North Korea Or The US": White House Releases Details On Latest N.Korean Sanctions

Tyler Durden's picture

Earlier, when we discussed Trump's latest executive order launching new sanctions on North Korea, we got a big picture of the crackdown but not the details. Moments ago, however, the White House unveiled the full breakdown of what Trump's latest crackdown on North Korea will involve.

Among other things, not only will the latest crackdown on NKorea include sanctions "on any foreign financial institution that knowingly conducts or facilitates any significant transaction on behalf of certain designated individuals and entities" but also on trade, and targets North Korea's shipping and trade networks and "issues a 180-day ban on vessels and aircraft that have visited North Korea from visiting the United States" and "also targets vessels that have engaged in a ship-to-ship transfer with a vessel that has visited North Korea within 180 days.":

Ultimately, the White House says, "foreign financial institutions must choose between doing business with the United States or facilitating trade with North Korea or its designated supporters."

* * *

The full statement:

FINANCIAL INSTITUTIONS: The E.O. provides the authority to impose sanctions on any foreign financial institution that knowingly conducts or facilitates any significant transaction on behalf of certain designated individuals and entities, or any significant transaction in connection with trade with North Korea, on or after the date of the E.O.

  • Under this new authority, the sanctions measures can be either restrictions on correspondent or payable-through accounts or blocking sanctions.
  • The E.O. also provides the Secretary of the Treasury additional authority to block any funds originating from, destined for, or passing through accounts linked to North Korea that come within the United States or possession of a U.S. person.
  • Foreign financial institutions must choose between doing business with the United States or facilitating trade with North Korea or its designated supporters.

TRADE: The E.O. directly targets North Korea's shipping and trade networks and issues a 180-day ban on vessels and aircraft that have visited North Korea from visiting the United States. This ban also targets vessels that have engaged in a ship-to-ship transfer with a vessel that has visited North Korea within 180 days. North Korea is dependent on its shipping networks to facilitate international trade.
The E.O. also authorizes the Secretary of the Treasury, in consultation with the Secretary of State, to impose sanctions on persons involved in:

  • Industries: The construction, energy, financial services, fishing, information technology, manufacturing, medical, mining, textiles, or transportation industries in North Korea;
  • Ports: Ownership, control, or operation of any port in North Korea, including any seaport, airport, or land port of entry;
  • Imports/Exports: at least one significant importation from or exportation to North Korea of any goods, services, or technology.

* * *

In conclusion, it is clear that this move is aimed at another crackdown on Russia: with media reports already suggesting that Russia has been "feeding" North Korea by ship, we estimate that within a week, "news" will emerge that Russia has broken Trump's executive order, and that will serve to block out one or more Russian financial institutions, perhaps growing to "SWIFT" out the entire Russian banking system as Trump slowly but surely follows the MIC's escalation script to a tee.

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TerminalDebt's picture

So now you need to do a string of ship-to-ship transfers?

 

Shemp 4 Victory's picture

Extortionist is as extortionist does...

ergatz's picture

Agree. Trump's proving to be an absolute MORON. http://bit.ly/2fhGqif

The Alarmist's picture

Good thing the oligarch class are corrupt, because enforcement of this in earnest would freeze global commerce. This is nothing more than the rounding up of the usual suspects, e.g. Russia, China and Iran, while turning a blind eye to our friends who are connected in some way.

DWD-MOVIE's picture

I'm making over $14k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do...  http://disq.us/url?url=http%3A%2F%2Fwww.Jobzon3.com%3Ab8eR_DQLwGRPVGtFvv...

caconhma's picture

I must admit that N. Korea is correct calling Trump "a mad dog".

ps

Lately, I just cannot see his disgusting face. Destruction of America is in a full gear.

new game's picture

aaaand, what if NK sends a payload our way, as they will become very desparate w/o fuel, and be able to facilitate trade for other necessities. just mentioning where this could be provoked to....

beemasters's picture

"I will surely and definitely tame the mentally deranged U.S. dotard with fire." - Kim

https://www.washingtonpost.com/news/post-politics/wp/2017/09/21/trump-sa...

I wonder who does the translations at WP...though, I couldn't bring myself to disagree with the description.

hedgeless_horseman's picture

 

Boy, wouldn't Munchkins head explode if someone asked him this?

Isn't it hypocritical of the USA to sanction North Korea and not Israel for testing missiles and having nukes?

Shemp 4 Victory's picture

Hypocricy is the US national religion.

hedgeless_horseman's picture

 

And propaganda is our journalists' ethos.

Papers please.

Where is your Israeli passport?

Sorry, only dual citizens are allowed in the White House and US Treasury press conferences.

Déjà view's picture

Already in your state of Tejas...

Anti-Israel Policies Are Anti-Texas Policies

May 2, 2017 | Press Release | Legislative - Signature Statement

Governor Abbott Proudly Signs Anti-BDS Legislation Into Law

Action Signals Texas’ Strong Support For Israel

https://gov.texas.gov/news/post/anti-israel-policies-are-anti-texas-poli...

http://www.jta.org/2017/04/20/news-opinion/politics/texas-house-passes-a...

Shalome...

MrGalt's picture

Right, and China, Russia, DPRK, they are straight shooters :/

chunga's picture

He knows it is. That's that fucking smirk he's got on his face all the time.

Mnuchin gives me the creeps.

MrGalt's picture

Israel isn't threatening to 'incinerate" everyone on a weekly basis.

hedgeless_horseman's picture

 

So, we are sanctioning North Korea for something someone said? 

What, exactly, was said, and by whom?

And regards to threats of incineration, referring to North Korea, it was actually President Trump that said,

"They will be met with fire and fury, and frankly power the likes of which this world has never seen before.”

ThuleNord's picture

No they are not threatening to, they actually are. Piece by piece

beemasters's picture

Israel does the crimes and blames the victims and the US applauds them for self-defense.

PrivetHedge's picture

Actually they are.

They've been planning our downfall for years and did the 911 holocaust.

https://www.youtube.com/watch?v=r3MtYuazrow

Golden Breakout's picture

I hope I don't offend anyone with this comment, but fuck Israel.

Eyes Opened's picture

For a noob (like myself)..  you've got spunk.... carry on... lol

Games Without Frontiers's picture

Other than the occasional machine gunning of Palestinian civilians that is.......

Jimbeau's picture

I got a war

You got a war

Alluh God's chillun got a waaaaaaarrrrr

When I git ta heaven gonna crush my ballz

Gonna pee all over God's Heaven

Heaven!

Rjh's picture

The old "You're either with us or against us" sure started changing tunes.

Still #1, you libtard bitches.

 

Fact: "Libtard" can be used interchangeably between liberal and libertarian. The same for "faggot libtard"

BarkingCat's picture

We will  just call you dick sucking, ass licking, faggot then

FullHedge1's picture

Finally. Trump put twitter aside and put on his big boy pants. Let's see what happens next.

HRClinton's picture

Those Rothschild-controlled (((Global-Lust Banksters))) must be getting really antsy, to impose their Regime on the remaining holdouts to (((their Private Banking Cartel))).

How dare NK have their own Sampson Option?

Implied Violins's picture

There's more than one global sandbox going up in flames at the moment:

https://www.washingtonpost.com/world/russia-warns-of-retaliation-if-faci...

I wonder why ZH hasn't posted on this stuff yet. Russia getting ready to bomb US troops embedded with ISIS units should be big news...even more than Korea.

Chupacabra-322's picture

@ HR,

Hedgemony is difficult & expensive to keep Centrialized for long periods of time.

Rome comes to mind.

"I know not why any one but a school-boy in his declamation should whine over the Commonwealth of Rome, which grew great only by the misery of the rest of mankind. The Romans, like others, as soon as they grew rich, grew corrupt; and in their corruption sold the lives and freedoms of themselves, and of one another. [...] A people, who while they were poor robbed mankind; and as soon as they became rich, robbed one another."

Samuel Johnson: Review of Thomas Blackwell's "Memoirs of the Court of Augustus"

general ambivalent's picture

Better dogs in a zoo than a whole country of men in open prisons.

In Juchist North Korea the people yap about the goldendoodle; in Ancapist America the Goldendoodle yaps about the people.

Golden Breakout's picture

How long before fat boy says fluk you too Amreeka.

This is it's picture

Hey it's the Munchkin. 

lester1's picture

The Communist party in China would collapse of they lost access to US markets. Those millions of factory workers would riot and toss them out if they were suddenly unemployed.

 

Tienemen 2.0 !

Krungle's picture

But the opiod addicted masses of already unemployed Americans would be too lazy to riot when the Dollar Store is empty from lack of Chinese imports.  

lester1's picture

There's always low wage Vietnam..

HenryHall's picture

>> There's always low wage Vietnam.

Hecho en Mexico.

From "kits of parts" supplied by China. Heck, even the "Hecho en Mexico" labels are printed in China.

robertocarlos's picture

My Mars bars are made in Turkey.

malek's picture

They're totally dependent on us!!1!

johnnycanuck's picture

The Walmartian Army would be advancing on Washington about the same time.

Joebloinvestor's picture

Maybe now the fucking US Navy will start scuttling ships carrying SCUD missiles from DNK to Yemen.

https://www.theguardian.com/world/2002/dec/11/usa.northkorea

johnnycanuck's picture

Your reference is a little dated dude.  It's from 2002 and refers to Rumsfeld as "US defence secretary"