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US Urges Beijing To Impose First Round Of Sanctions Against Chinese Firms Trading With North Korea

zerohedge.com / By Tyler Durden / Jun 12, 2017 12:35 PM

The Trump administration has asked Beijing to impose what would be the first round of sanctions against nearly 10 Chinese companies and individuals that trade with North Korea, part of a strategy to starve, and ultimately shut down, Kim’s nuclear program, the WSJ reports.

Recall that while U.S. sanctions on North Korea target virtually the nation’s entire economy; U.N. sanctions are less stringent and still allow for significant nonmilitary trade, especially between the isolated nation and its biggest trading partner, China. While there is no firm deadline, senior US officials cited as sources by WSJ indicated that the Treasury Department could impose unilateral sanctions on some of these entities before the end of the summer if Beijing doesn’t act.

The Journal did not name the entities being targeted, however clues to their identities can be found in a report released Monday by a Washington-based nonpartisan research group, C4ADS, that identifies several Chinese entities of concern in the hopes of exposing illicit trading networks. Those include a Chinese businessman and his sister said to be connected to a ship intercepted by Egypt last year while smuggling 30,000 North Korean rocket-propelled grenades. US officials told WSJ that the report reflects part of its strategy towards North Korea.

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