U.S. imposes sanctions on 2 N. Korean trading firms

According to Yonhap:

The United States has imposed sanctions on two North Korean trading firms under a law banning the transfer of materials related to weapons of mass destruction, according to the State Department.

Polestar Trading Company, Ltd., a North Korean entity in China, and RyonHap-2, a trading firm in the North, were among a total of 22 entities sanctioned by the State Department under the Iran, North Korea, and Syria Nonproliferation Act, the department said in a Federal Register notice.

Affiliated with the North’s Second Academy of Natural Sciences, Pyongyang’s main weapons development agency, RyonHap-2 is believed to be involved in weapons exports and parts procurements.

The State Department notice, published Wednesday, did not provide specific violations committed by the two firms. The sanctions will remain in place for two years, it said.

The addition of the two North Korean firms brought to 18 the total number of North Korean entities and individuals that remain under active sanctions under the State Department’s Iran, North Korea, and Syria Nonproliferation Act.

But the U.S. Treasury Department maintains more comprehensive sanctions on counties like North Korea and Iran. About 70 North Korean individuals agencies, entities, and vessels are on the department’s Specially Designated Nationals’ list.

Here is the notice in the Federal Register.

Read the full story here:
U.S. imposes sanctions on 2 N. Korean trading firms
Yonhap
2015-9-5

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