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Keyword: sanction

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  • U.S. Sanctions Start to Pinch Shipping in Iran

    05/29/2018 9:12:13 PM PDT · by TigerLikesRooster · 31 replies
    WSJ ^ | May 29, 2018 | Costas Paris and Joanne Chiu
    U.S. Sanctions Start to Pinch Shipping in Iran Tanker and container operators prepare to wind down business with Iran ahead of U.S. sanctions By Costas Paris and Joanne Chiu May 29, 2018 5:30 a.m. ET It will be months before new U.S. sanctions against Iran take hold, but global shipping operators are already pulling back from the big oil-exporting nation. The world’s two biggest shipping lines, Denmark’s Maersk Line and Swiss-based Mediterranean Shipping Co., said they were winding down general cargo shipments, while tanker owners said they plan to move their vessels to other oil-producing countries in the Middle East...
  • Trump to China: Lock down your border with North Korea until after I cut a nuclear deal...

    05/21/2018 8:51:37 PM PDT · by TigerLikesRooster · 21 replies
    Daily Mail ^ | 21 May 2018 | Emily Goodin
    Trump to China: Lock down your border with North Korea until after I cut a nuclear deal with Kim Jong-Un China's help could make or break Trump's plans for a nuclear deal, for which the president wants a Nobel Peace Prize Trump needs China to pile the economic pressure on Kim Jong-Un to get the North Korean president to the negotiating table The border demand could be Trump's way of taking Beijing's temperature on how much help they're provide in pressuring North Korea Doubts remain about the June 12 summit in Singapore amid reports Trump may withdraw due to concerns...
  • Doomed? Why Iran's Economic Mess Will Get Worse

    05/20/2018 1:37:48 AM PDT · by TigerLikesRooster · 22 replies
    The Baghdad Post ^ | May 19 2018 | Simon Constable
    Doomed? Why Iran's Economic Mess Will Get Worse Simon Constable The matter at hand is the decision earlier this month by the Trump administration not to certify the so-called nuclear deal, and that means Iran will soon be subject to harsh U.S. sanctions. Overall the result will be a squeezed economy. Current situation Even the latest official statistics for the Iranian economy don't look good. The unemployment rate stands at 11.9% and the inflation rate at 8.3%, according to TradingEconomics.com. However, at least some of the government figures may be more aspirational than actual. Take, for instance, the inflation rate....
  • GERMAN BANK TO HALT IRAN TRANSACTIONS IN JULY

    05/19/2018 7:41:28 AM PDT · by TigerLikesRooster · 17 replies
    Reuters ^ | MAY 18, 2018
    GERMAN BANK TO HALT IRAN TRANSACTIONS IN JULY BY REUTERS MAY 18, 2018 21:25 BERLIN - Germany's No. 2 lender DZ Bank said on Friday it will suspend financial transactions with Iran in July following U.S. President Donald Trump's pullout from the nuclear deal with Tehran. Trump's withdrawal of the United States from the accord and his order that sanctions be reimposed have led several European companies to announce their exit from Iran, including French oil major Total earlier this week. "We will completely suspend our foreign payment transactions related to Iran starting July 1st," said a spokesman for Frankfurt-based...
  • Iran and Russia Discuss Transacting in Crypto to Avoid International Sanctions

    05/18/2018 9:19:49 PM PDT · by TigerLikesRooster · 11 replies
    Coin Telegraph ^ | 2018-05-18 | Molly Jane Zuckerman
    Iran and Russia Discuss Transacting in Crypto to Avoid International Sanctions Molly Jane Zuckerman Iran and Russia could start using cryptocurrencies to avoid Western sanctions, Russian news portal RBC reported yesterday, May 17. Mohammad Reza Pourebrahimi, the head of the Iranian Parliamentary Commission for Economic Affairs, referred to cryptocurrencies as a promising way for both countries to avoid US dollar transactions, as well as a possible replacement of the SWIFT interbank payment system. At a meeting with Dmitry Mezentsev, the Chair of the Federation Council Committee on Economic Policy, Pourebrahimi said that they have “engaged the Central Bank of Iran...
  • Japan suspects yet another North Korea sanctions breach at sea

    02/27/2018 5:42:29 PM PST · by TigerLikesRooster · 8 replies
    Reuters ^ | February 27, 2018
    Japan suspects yet another North Korea sanctions breach at sea Reuters Staff 2 Min Read TOKYO (Reuters) - Japan has discovered another North Korean tanker it suspects of transferring goods with a vessel in defiance of U.N. Security Council resolutions, the Foreign Ministry said on Tuesday. It was the fourth time Japan has suspected such an illegal transfer in recent weeks and comes as the Trump administration and key Asian allies prepare to expand interceptions of ships suspected of violating sanctions on North Korea. North Korea last year conducted dozens of missile launches and its sixth and largest nuclear test...
  • Exclusive: Despite sanctions, North Korea exported coal to South and Japan via Russia...

    01/26/2018 5:43:22 AM PST · by TigerLikesRooster · 6 replies
    Reuters ^ | JANUARY 26, 2018 | Guy Faulconbridge, Jonathan Saul, Polina Nikolskaya
    Exclusive: Despite sanctions, North Korea exported coal to South and Japan via Russia - intelligence sources Guy Faulconbridge, Jonathan Saul, Polina Nikolskaya PARIS/LONDON/MOSCOW (Reuters) - North Korea shipped coal to Russia last year which was then delivered to South Korea and Japan in a likely violation of U.N. sanctions, three Western European intelligence sources said. The U.N. Security Council banned North Korean exports of coal last Aug. 5 under sanctions intended to cut off an important source of the foreign currency Pyongyang needs to fund its nuclear weapon and long-range missile program. But the secretive Communist state has at least...
  • Would N.Korean Would N.Korean Olympic Participation Violate Sanctions

    01/07/2018 9:53:53 PM PST · by Rabin · 3 replies
    Chosun Ilbo ^ | January 05, 2018 | Staff
    North Korea takes part in the 2018 Winter Olympics would that technically violate UN Security Council resolutions sanctioning the regime over its nuclear and missile programs? Province Governor Choi Moon-soon met with North Korea's sports chief Mun Ung in China and offered to ferry them to South Korea aboard a cruise ship. The International Olympic Committee has also said it is willing to shoulder their expenses.
  • (2nd LD) S. Korea seizes HK vessel over ship-to-ship oil transfer to N. Korea

    12/29/2017 12:52:15 AM PST · by TigerLikesRooster · 18 replies
    Yonhap News ^ | 2017/12/29
    (2nd LD) S. Korea seizes HK vessel over ship-to-ship oil transfer to N. Korea SEOUL, Dec. 29 (Yonhap) -- A Hong Kong-flagged vessel has been seized and inspected by South Korean authorities after secretly transferring oil to a North Korean vessel in international waters in a ship-to-ship transfer prohibited by the United Nations Security Council, government officials said Friday. South Korean customs authorities took and searched the vessel, Lighthouse Winmore, when it entered the country's Yeosu Port on Nov. 24 after transferring 600 tons of refined petroleum to a North Korean vessel on Oct. 19, the officials said. UNSC Resolution...
  • Treasury Sanctions Trading, Labor, and Shipping Companies and Vessels to Further Isolate North Korea

    11/22/2017 5:26:37 AM PST · by TigerLikesRooster · 4 replies
    Treasury Dept. ^ | 11/21/2017
    Treasury Sanctions Trading, Labor, and Shipping Companies and Vessels to Further Isolate North Korea 11/21/2017 WASHINGTON – The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today sanctioned one individual, 13 entities, and 20 vessels as the United States continues to take action multilaterally and unilaterally to disrupt North Korea's illicit funding of its unlawful nuclear and ballistic missile programs. Today's sanctions target third-country persons with long-standing commercial ties to North Korea, as well as the transportation networks that facilitate North Korea's revenue generation and operations. "As North Korea continues to threaten international peace and security, we...
  • US Customs vows to block imports of seafood and goods from North Korea workers

    10/07/2017 8:55:24 AM PDT · by TigerLikesRooster · 34 replies
    WQAD ^ | OCTOBER 6, 2017
    US Customs vows to block imports of seafood and goods from North Korea workers POSTED 10:11 AM, OCTOBER 6, 2017, BY WQAD DIGITAL TEAM U.S. Customs and Border Protection says it is ready to block U.S. imports of seafood — as well as any other goods — produced by North Korean laborers who work in China. An Associated Press investigation tracked salmon, squid and cod processed by North Koreans working at Chinese factories and shipped to American stores, including Walmart and ALDI. The North Korean workers found in Chinese factories aren’t allowed to leave, and receive only a fraction of...
  • N. Korea runs out of gas; only the elite can now fill their cars

    10/05/2017 9:49:46 PM PDT · by TigerLikesRooster · 37 replies
    Asahi Shimbun ^ | October 4, 2017 | YOSHIHIRO MAKINO
    N. Korea runs out of gas; only the elite can now fill their cars By YOSHIHIRO MAKINO/ Correspondent October 4, 2017 at 15:40 JST SEOUL--Only the elite and selected military heavyweights in North Korea can get their cars tanked up as international sanctions start to bite. The regime in Pyongyang imposed the ban on gasoline stand sales in late September, according to a source here who is knowledgeable about goings-on in the reclusive country. The move was apparently taken to prepare the nation for the impact of U.N. economic sanctions to protest North Korea's repeated ballistic missile launches and sixth...
  • [N. Korea] NKorean workers prep seafood going to US stores, restaurants

    10/04/2017 5:42:54 PM PDT · by TigerLikesRooster · 11 replies
    AP ^ | 2017/10/05 | TIM SULLIVAN, HYUNG-JIN KIM AND MARTHA MENDOZA
    NKorean workers prep seafood going to US stores, restaurants By TIM SULLIVAN, HYUNG-JIN KIM AND MARTHA MENDOZA HUNCHUN, China (AP) — The workers wake up each morning on metal bunk beds in fluorescent-lit Chinese dormitories, North Koreans outsourced by their government to process seafood that ends up in American stores and homes. /snip This means Americans buying salmon for dinner at Walmart or ALDI may inadvertently have subsidized the North Korean government as it builds its nuclear weapons program, an AP investigation has found. Their purchases may also have supported what the United States calls “modern day slavery” — even...
  • North Korea sanctions rattle Russian, Chinese businesses

    09/22/2017 6:50:47 PM PDT · by TigerLikesRooster · 28 replies
    Nikkei ^ | September 23, 2017 | TAKAYUKI TANAKA
    North Korea sanctions rattle Russian, Chinese businesses Vladivostok shuts out infamous North Korean ferry under US pressure TAKAYUKI TANAKA, Nikkei staff writer KHABAROVSK, Russia -- As the U.S. exerts more pressure on Pyongyang, economic exchanges between Russia and North Korea, which the government of Vladimir Putin had sought to use as a diplomatic bargaining chip, are beginning to ebb. In late August, Vladivostok in Russia's Far East suspended service on the Mangyongbong, a North Korean ferry and cargo ship. The ship started service to Vladivostok in May, making one round-trip per week from the port of Rajin in Rason, in...
  • 5 things to know about Trump's new North Korea sanctions

    09/21/2017 9:49:21 PM PDT · by TigerLikesRooster · 20 replies
    The Hill ^ | 09/21/17 | JONATHAN EASLEY AND REBECCA KHEEL
    5 things to know about Trump's new North Korea sanctions BY JONATHAN EASLEY AND REBECCA KHEEL - 09/21/17 05:45 PM EDT /snip “Foreign financial institutions are now on notice that, going forward, they can choose to do business with the United States, or with North Korea, but not both,” Treasury Secretary Steven Mnuchin told reporters at a briefing on the sanctions. The executive order does that by giving the Treasury Department the authority to suspend U.S. correspondent account access to any foreign bank that knowingly conducts or facilitates significant transactions tied to trade with North Korea. /snip In another move...
  • Ranking US lawmaker seeks sanctions on 12 Chinese banks over N. Korea

    09/13/2017 2:31:10 AM PDT · by TigerLikesRooster · 12 replies
    Korea Herald ^ | Sept 13, 2017
    Ranking US lawmaker seeks sanctions on 12 Chinese banks over N. Korea WASHINGTON -- A ranking American lawmaker has asked the US government to sanction 12 large Chinese banks as part of efforts to cut off North Korea's access to the international financial system, an informed source said Wednesday. The measures, if implemented, would mark a significant increase in pressure on China to rein in North Korea's nuclear and ballistic missile programs. They could also endanger US-China ties. The list, submitted by House Foreign Affairs Committee Chairman Rep. Ed Royce (R-CA), includes the world's largest bank, Industrial and Commercial Bank...
  • Trump Team Prepping Aggressive Options for North Korea

    09/09/2017 1:44:24 AM PDT · by TigerLikesRooster · 22 replies
    NBC News ^ | Sep 8 2017 | Carol E. Lee and Courtney Kube
    Trump Team Prepping Aggressive Options for North Korea by Carol E. Lee and Courtney Kube WASHINGTON — The Trump administration is readying a package of diplomatic and military moves against North Korea, including cyberattacks and increased surveillance and intelligence operations, after the nation's sixth and largest nuclear test, according to senior White House and Pentagon officials. The U.S. may also propose a U.N. Security Council resolution mandating the inspection of ships arriving or leaving the reclusive state, the officials said. The expanded inspections would target vessels carrying missile parts and technology that North Korea exports as well as materials the...
  • U.S. Seeks U.N. Consent to Interdict North Korean Ships

    09/08/2017 8:11:28 AM PDT · by TigerLikesRooster · 16 replies
    NYT ^ | SEPT. 6, 2017 | DAVID E. SANGER
    U.S. Seeks U.N. Consent to Interdict North Korean Ships By DAVID E. SANGER SEPT. 6, 2017 WASHINGTON — The Trump administration on Wednesday circulated a draft resolution at the United Nations Security Council that would effectively empower the United States Navy and Air Force to interdict North Korean ships at sea, inspect them to determine whether they are carrying weapons material or fuel into the country, and use “all necessary measures” to enforce compliance. The language is included in a remarkably broad draft that would ban the shipment of all crude oil, refined petroleum and natural gas to North Korea,...
  • 'N. Korea to Stockpile 1Mn Tons of Oil in Preparation of Sanctions'

    09/02/2017 5:08:03 AM PDT · by TigerLikesRooster · 46 replies
    KBS ^ | 2017-09-02
    'N. Korea to Stockpile 1Mn Tons of Oil in Preparation of Sanctions' 2017-09-02 12:26:16 Update : 2017-09-02 A Japanese newspaper reports North Korea set a goal in April to stockpile one million tons of petroleum in preparation for global sanctions. The Tokyo Shimbun noted that one million tons is around half to two thirds of North Korea's annual imports of crude oil and related products. The article cited a North Korean figure as saying that leader Kim Jong-un made this decision during a meeting of the state affairs commission. Following the decision, a large number of gas stations reportedly shut...
  • U.S. claims over 100 Chinese companies covertly deal with N. Korea

    08/24/2017 6:41:18 PM PDT · by TigerLikesRooster · 14 replies
    Donga Ilbo ^ | August. 25, 2017
    U.S. claims over 100 Chinese companies covertly deal with N. Korea Among 10 businesses and six individuals of China and Russia, which dealt business transactions with North Korea, the U.S. has decided to levy sanctions and forfeit 11 million U.S. dollars from three companies. Furthermore, Washington is reportedly undergoing investigations into around 100 companies as well. As the U.S. Treasury Department is highly likely to round up a list of businesses that violated the UN Security Council resolutions and announce additional companies subject to the sanction next month, a fierce backlash from Beijing awaits Washington. "There are hundreds of Chinese...