Washington Post: Trump imposes new sanctions on North Korea, administration seeks to rally support for confronting Pyongyang
NEW YORK — President Trump on Thursday announced new financial sanctions targeting North Korea as his administration seeks to build international support for more aggressively confronting the rogue nation, whose escalating nuclear and ballistic missile capabilities have reached what U.S. officials consider a crisis point.
The new penalties seek to leverage the dominance of the U.S. financial system by forcing nations, foreign companies and individuals to choose whether to do business with the United States or the comparatively tiny economy of North Korea. U.S. officials acknowledged that like other sanctions, these may not deter North Korean leader Kim Jong Un’s drive to threaten the United States with a nuclear weapon, but is aimed at slowing him down.
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WNU Editor: These sanctions appear to be biting .... Market Prices in North Korea Rise Sharply After Recent Sanctions and Tensions (The Diplomat). MOre here .... Evidence Emerging That New Sanctions on North Korea Are Working (Epoch Times).
Update: This is going to hurt .... China's central bank tells banks to stop doing business with North Korea: sources (Reuters). More here .... REPORT: China tells its banks to stop doing business with North Korea (Business Insider).
More News On The U.S. Imposing New Sanctions On North Korea
Trump orders new sanctions against North Korea, Kim calls him 'deranged' -- Reuters
President Trump Just Hit North Korea With New Sanctions -- Time
Trump Imposes New Trade Sanctions on North Korea -- VOA
Trump Slaps Sanctions on N. Korea, Seeks ‘Denuclearization’ -- NBC
Trump announces new executive order targeting those who trade with North Korea -- CBS
North Korea: Trump signs new order to widen sanctions -- BBC
Trump announces more sanctions against North Korea for its nuclear buildup -- Los Angeles Times
5 things to know about Trump's new North Korea sanctions -- The Hill
Well, sanctions are always hurting....the people, not the tyrant and nor its activity. Sorry, I don't buy that.
ReplyDeleteIt's affecting Kim's cash flow, it's biting hard . He has to pay for his nukes so it will slow it down ,his people are already impoverished due to the cost of his nukes nothing to do with this latest round of sanctions.
DeleteFazman,
ReplyDeleteI like your optimistic way.
China will not go through with them
ReplyDeleteChina will not follow through with it
ReplyDeleteChina will not follow through with it
ReplyDeleteWhat is China's logic here? First they help to arm North Korea to its teeth, now after war is almost certain between north Korea and the US, they bow out.
ReplyDeleteThis is just a lame lame attempt to not be drawn into this conflict. The reality is that China helped North Korea to get here, they will have to be responsible for what's going to happen.
The only logic is a PR stunt and betting on the bad memory of most readers. Hoping we forget the sale of the mobile missile lainches. Hoping we forget that they are the biggest trading partner still to this day of North Korea. Hoping we forget they produced and sold the rocket fuel (it's not easy to get). Hoping we forget that china asked us to wait for 100 days while the north made sudden progress.
Yeah right
Yep probably just another chinese bluff and chuckle. Buying more and more time. This is getting ugly faster and faster. Shows how strange we are as humans with all this testosterone and talk of annihilation instead of love and understanding. Seriously why can't the US just back off on the war games, even for just 6 months!! Somebody is going to throw a punch soon
ReplyDeleteFazman, your reasoning is faulty. Your statements are counterfactual.
ReplyDelete'His (Kim's) people are already impoverished due to the cost of his nukes'. No. The nuclear program is a very small percentage of the entire DPRK budget, and a fraction of the military budget. In fact, nukes are seen by Pyongyang a cheaper option to maintaining a massive conventional military, thereby allowing manpower to be freed up for the all-important planting and harvesting seasons. (The DPRK military usually sends troops to the fields during these seasons. North Korea has very poor farmland and short growing seasons.)
(That's one of the reasons the DPRK hates Ulchi Freedom Guardian and similar bi-annual exercises, btw: because they occur at harvest time, forcing the DPRK to keep troops called up into the army, instead of in the fields. US-ROK exercises literally take food from the tables of malnourished North Korean citizens. The US knows this. It still carries out such exercises, even during periods of famine in North Korea.)
'...nothing to do with this latest round of sanctions'. That is true, but also misleading. In the first place, the recent newspaper reports linked to by WNU claim that the recently imposed sanctions are affecting North Korea per se, with fuel and material shortages impacting the local population.
In the second place, one of the most significant reasons that the DPRK is bitterly poor is the USA has repeatedly used major international sanctions against North Korea. Unlike other nations, North Korea cannot freely buy and sell goods, or access global financial markets. Its educational systems and industries are embargoed from accessing modern technologies.
There are other reasons that the DPRK is bitterly poor. For example, every major city and town in the DPRK was flattened during the Korean war, and one in ten of all North Korean citizens was killed or wounded. Effectively, this sent their economy back to a near-medieval state.
For another example, the USA has refused to sign (or even discuss) a peace treaty or mutual non-aggression pact with the DPRK – despite decades' of requests by the DPRK. Faced with the world's sole 'hyperpower' as an enemy that refuses to rule out future attacks, the DPRK was forced to maintain a conventional military that could deter invasion or attack by making the aggressor pay a painfully high price (i.e., the loss of Seoul). This was an enormous drain on the DPRK.
Yes in a perfect world, the Kims and the entire DPRK leadership would have stepped down and surrendered to the USA, in an attempt to spare their citizens further suffering – but in what kind of fantasy world do ruling elites surrender themselves to imprisonment or death en masse? American diplomats know that won't happen. A peace treaty is a sensible step – if you really want peace.