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The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated 10 entities and six individuals in response to North Korea's ongoing development of weapons of mass destruction (WMD), violations of United Nations (UN) Security Council Resolutions, and attempted evasion of U.S. sanctions. Today's sanctions target third-country companies and individuals that (1) assist already-designated persons who support North Korea's nuclear and ballistic missile programs, (2) deal in the North Korean energy trade, (3) facilitate its exportation of workers, and (4) enable sanctioned North Korean entities to access the U.S. and international financial systems.As a result of the latest action, "any property or interests in property of the designated persons in the possession or control of U.S. persons or within the United States must be blocked, and U.S. persons are generally prohibited from dealing with them."
Less than 4 hours ago, the US Treasury announced that in the the latest set of actions targeting North Korea's "WMD program", among the entities sanctioned would be several Chinese and Russian companies and individuals. We said that "what this latest round of sanctions will achieve, is to further anger Beijing and the local population." Well, we didn't even have to wait all day for China to respond on the next morning as it traditionally does, and according to Reuters citing an embassy spokesman, Beijing was so furious with the US "provocation" it scrapped its own protocol of waiting during a "cooldown" period, and instead ripped right back, "urging" the U.S. to "immediately correct its mistake"' of sanctioning Chinese firms over North Korea, to avoid impact on bilateral cooperation.
Since the US will not "correct its mistake", either "immediately" or at any time, China will have no choice but to escalate, in the process making any credible diplomacy involving North Korea impossible, forcing" America's hand when it comes to North Korea, now that the diplomatic option is out of the picture.
And virtually assuring that there is no hope for a diplomatic resolution of the North Korean crisis, earlier today a North Korean envoy to a UN disarmament forum refused to negotiate its nuclear program, accusing the US and South Korea of using joint military drills to carry out "an aggressive war scenario" and "a secret operation" against the North's leadership.
"The DPRK will never place its self-defense nuclear deterrence on the negotiating table or step back from the path it took to bolster the national nuclear force," a North Korean diplomat stated at the UN disarmament forum in Geneva, as cited by Reuters.
A North Korean envoy to a UN disarmament forum has refused to negotiate its nuclear program, accusing the US and South Korea of using joint military drills to carry out "an aggressive war scenario" and "a secret operation" against the North's leadership.
"The DPRK will never place its self-defense nuclear deterrence on the negotiating table or step back from the path it took to bolster the national nuclear force," a North Korean diplomat stated at the UN disarmament forum in Geneva, as cited by Reuters.
The comment follow a statement by the state-run KCNA news agency on Monday according to which "the situation on the Korean Peninsula has plunged into a critical phase due to the reckless north-targeted war racket of the war maniacs." Meanwhile, Pyongyang has again threatened to strike the US base in Guam, which it earlier promised to attack if "provoked" by Washington.
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