Chinese, Russian Companies Sanctioned by US for Funding North Korea

Treasury Secretary Steven Mnuchin said last Thursday that the US has sanctioned Chinese firm Yanbian Silverstar Network Technology Co., its North Korean CEO Jong Song Hwa, and its Russian sister company, Volasys Silver Star for moving illegal funds to North Korea.

Mnuchin additionally warned companies across the globe to check whether they are employing North Korean workers without their knowledge.

However, Foreign Ministry Spokesman Geng Shuang reiterated that China fully enforces UN resolutions on North Korea and resolutely opposes any country enacting unilateral sanctions on Chinese entities using “long-arm jurisdiction”.

 

Source: Reuters