New Sanctions On North Korea Following Tensions
March 1, 2018
The United States Government has imposed new sanctions on North Korea to slow down their economy in hopes of halting their nuclear program in their tracks.
The sanctions are targeted at North Korean and Chinese trading companies. According to Hisako Ueno, a New York Times Reporter, the goal of this is to take down any means of the North Korean Regime financing their nuclear program. They urged Russia and China to expel anyone within their respective country that might offer the DPRK assistance.
Hisako Ueno has reported that the Trump administration has been looking to impose further sanctions ever since Mr. Kim and President Donald Trump had a heated exchange via Twitter about their nuclear arsenals.
Despite the various threats on both sides, President Donald Trump showed possible interest in holding talks with Mr. Kim. He has stated his support to ultimately ease tensions on the peninsula.
“Our approach is, in terms of having North Korea choose the correct step, is to present them with what is the best option,” said Tillerson “ talks are the best option; that when they look at the military situation, that’s not a good outcome for them”.
However, for the time being, the United States continues its sanctions against the regime.
In a testimony before Congress, Ms. Mandelker stated that North Korea has been using cover representatives and front companies to covertly hide and transfer funds that finance its nuclear program.
“The Chinese trading companies that were targeted are the most interesting,” said Mike Casey, “Even though the U.S. hasn’t been able to get a ton of direct economic pressure on North Korea, it certainly hasn’t given up on exerting indirect economic pressure on North Korea.”
The effectiveness of the sanctions seem to be working. The Japanese spotted a Dominican registered tanker beside a North Korean vessel. This suggests that the Regime had to find other means to obtain fuel.
“I mean if its working then let’s keep doing it,” said Chase font “ It’s better than an all-out war”.
A lot of concern is met when discussing North Korea and its missile program; However, in order to eliminate the threat of a nuclear war, there must be a plan that the Government must undergo in order to keep the peace within the peninsula, and the world.