South China Morning Post: US imposes new sanctions on Chinese and Russian companies to cut off North Korea support
The sanctions affect Dandong Rich Earth Trading Company, which the US accused of buying vanadium ore from Korea Kumsan Trading Corporation
The US announced a set of secondary sanctions against 16 Chinese and Russian entities as part of its efforts to cut off trade with North Korea and starve the country’s military of the cash it needs to develop nuclear weapons.
The move opened a new rift with China, which blasted the US for its “long-arm jurisdiction” and demanded that Washington “immediately correct its mistake”.
Chinese companies facing sanctions include Dandong Rich Earth Trading Company, which the US accused of buying vanadium ore from Korea Kumsan Trading Corporation, a company already sanctioned by the United Nations Security Council, according to a US Treasury Department announcement. Mingzheng International Trading Limited was also named in the action as a “front company” for North Korea’s Foreign Trade Bank.
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