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U.S. targets Singapore, Marshall Islands-based firms in new North Korea sanctions

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U.S. targets Singapore, Marshall Islands-based firms in new North Korea sanctions
© Reuters. FILE PHOTO: A North Korea’s guard post is seen at North Korea’s propaganda village Kaepoong, in this picture taken from the Unification Observation Platform, near the demilitarized zone which separates the two Koreas in Paju, South Korea, October 6, 2022.

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By Daphne Psaledakis and David Brunnstrom

WASHINGTON (Reuters) – The United States on Friday imposed new sanctions following North Korea’s latest missile launches this week, targeting a fuel procurement network that Washington said supports Pyongyang’s weapons programs and its military.

Friday’s action targeted two Singapore-registered companies and a Marshall Islands-registered company, the U.S. Treasury Department said in a statement, as Washington seeks to hold North Korea accountable for ship-to-ship transfers that circumvent United Nations sanctions on the country.

“The DPRK’s (North Korea’s) long-range ballistic missile launches, including over Japan, demonstrate a continued disregard for United Nations Security Council resolutions,” the Treasury’s Brian Nelson, Under Secretary for Terrorism and Financial Intelligence, said in the statement.

“The United States will continue to enforce multilateral sanctions and pursue the DPRK’s sanctions evasion efforts worldwide, including by designating those who support these activities.”

North Korea fired two short-range ballistic missiles into the sea on Thursday in the direction of Japan, after the return of a U.S. aircraft carrier to the region and a U.N. Security Council meeting in response to the North’s recent launches.

The missile launch was the sixth in 12 days and the first since North Korea fired an intermediate-range missile (IRBM) over Japan on Tuesday, which prompted joint South Korean and U.S. missile drills during which one weapon crashed and burned.

The Treasury said it imposed sanctions on Singapore-based Kwek Kee Seng, Taiwan-based Chen Shih Huan and Marshall Islands-registered company New Eastern Shipping Co Ltd, accusing them of being involved in the ownership or management of a vessel that has participated in several deliveries of refined petroleum to North Korea.

Also designated were Singapore-registered Anfasar Trading (S) Pte. Ltd. and Singapore- registered Swanseas Port Services Pte. Ltd.

Source: Investing.com

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