US imposes sanctions on North Korea after China and Russia veto UN resolution

The United States imposed sanctions on North Korea that target its weapons of mass destruction program after China and Russia vetoed a UN resolution to punish Pyongyang.

Air Koryo Trading Corp, a North Korean company that helped bolster ballistic missile launches from Pyongyang, has been sanctioned by the US Treasury Department.

According to Brian Nelson, Under Secretary of the Treasury for Terrorism and Financial Intelligence, “the United States will continue to implement and enforce existing sanctions while urging the DPRK (North Korea) to return to diplomatic and to abandon its search for weapons of mass destruction”. and ballistic missiles.

Washington has also targeted two Russian banks, Far Eastern Bank and Bank Sputnik, for helping with procurement and revenue generation for North Korean organizations.

The United States has also imposed sanctions on Jong Yong Nam, who is believed to be working from Moscow-allied Belarus for North Korea’s arms research body.

Publicly separating the Security Council from the UN for the first time since it began punishing North Korea, China and Russia previously vetoed a US-led push to impose more United Nations sanctions on Pyongyang for its ballistic missile launches.

Read also | Russia and China use veto power to prevent US from punishing North Korea for missile launches

North Korea had tested three intercontinental ballistic missiles (ICBMs) after US President Joe Biden left Seoul to attend the Quad Summit in Tokyo.

According to a joint statement released by top diplomats from South Korea, Japan and the United States, North Korea has “significantly increased the pace and scale of its ballistic missile launches since September 2021.”

North Korean Kim Jong Un met with former US President Donald Trump in 2019, but after three failed summits between them, talks between the two countries bogged down and hit an impasse.

Since then, China has been trying to persuade the United States to induce North Korea to resume talks by lifting some unilateral sanctions.

(With agency contributions)


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