US Issues Sanctions Targeting North Korean Weapons of Mass Destruction Program

A sign marks the US Treasury Department in Washington, US, August 6, 2018. REUTERS/Brian Snyder
A sign marks the US Treasury Department in Washington, US, August 6, 2018. REUTERS/Brian Snyder
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US Issues Sanctions Targeting North Korean Weapons of Mass Destruction Program

A sign marks the US Treasury Department in Washington, US, August 6, 2018. REUTERS/Brian Snyder
A sign marks the US Treasury Department in Washington, US, August 6, 2018. REUTERS/Brian Snyder

The United States on Friday imposed sanctions on two Russian banks, a North Korean company and a person it accused of supporting North Korea's weapons of mass destruction program, increasing pressure on Pyongyang over its renewed ballistic missile launches.

The latest American move came a day after China and Russia vetoed a US-led push to impose more United Nations sanctions on North Korea over its ballistic missile launches, publicly splitting the UN Security Council for the first time since it started punishing Pyongyang in 2006.

The vetoes came despite what the United States says was a sixth test of an intercontinental ballistic missile (ICBM) by North Korea this year and signs that Pyongyang is preparing to conduct its first nuclear test since 2017.

The US Treasury Department in a statement said it targeted Air Koryo Trading Corp as well as Russian financial institutions the Far Eastern Bank and Bank Sputnik for contributing to procurement and revenue generation for North Korean organizations.

Washington also designated Jong Yong Nam, a Belarus-based representative of an organization subordinate to the North Korea Second Academy of Natural Sciences (SANS), who Washington said has supported North Korean organizations linked to the development of ballistic missiles.

North Korea's mission to the United Nations in New York did not immediately respond to a request for comment.

"The United States will continue to implement and enforce existing sanctions while urging the DPRK (North Korea) to return to a diplomatic path and abandon its pursuit of weapons of mass destruction and ballistic missiles," the Treasury's Under Secretary for Terrorism and Financial Intelligence, Brian Nelson, said in the statement.



European Powers May Restore UN Sanctions on Iran

FILED - 18 July 2024, United Kingdom, Woodstock: UK Foreign Secretary David Lammy gives an interview at the European Political Community summit. Photo: Michael Kappeler/dpa
FILED - 18 July 2024, United Kingdom, Woodstock: UK Foreign Secretary David Lammy gives an interview at the European Political Community summit. Photo: Michael Kappeler/dpa
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European Powers May Restore UN Sanctions on Iran

FILED - 18 July 2024, United Kingdom, Woodstock: UK Foreign Secretary David Lammy gives an interview at the European Political Community summit. Photo: Michael Kappeler/dpa
FILED - 18 July 2024, United Kingdom, Woodstock: UK Foreign Secretary David Lammy gives an interview at the European Political Community summit. Photo: Michael Kappeler/dpa

The European troika, known as the E3, may restore UN sanctions on Iran under the snapback mechanism, British Foreign Secretary David Lammy said on Tuesday, warning that the move could increase Tehran's suffering unless it takes a serious stance on stepping back from its nuclear program.

Speaking to the UK parliament’s foreign affairs select committee, Lammy said: “Iran faces even more pressure in the coming weeks because the E3 can snap back on our sanctions, and it’s not just our sanctions, it’s actually a UN mechanism that would impose dramatic sanctions on Iran across nearly every single front in its economy.”

“So they have a choice to make. It’s a choice for them to make. I’m very clear about the choice they should make, but I’m also clear that the UK has a decision to make that could lead to far greater pain for the Iranian regime unless they get serious about the international desire to see them step back from their nuclear ambitions,” he added.

Meanwhile, a French diplomatic source told Reuters on Tuesday that European powers would have to restore UN sanctions on Iran if there were no nuclear deal that guaranteed European security interests.

The source spoke after a call between French Foreign Minister Jean-Noel Barrot and Lammy ahead of a Franco-British summit.

Last Thursday, France threatened “retaliatory measures” against Tehran if it persisted with new charges against a French couple held in Iran, including accusations that they spied for Israel.

Snapback Mechanism

France, Britain and Germany - the E3 – are threatening to activate the snapback mechanism that would reinstate all United Nations Security Council sanctions previously levied on Iran.

According to diplomats, the E3 countries may trigger the snapback by August if no substantial deal can be found by then. The window closes on October 18.

UN resolution 2231 allows a State Party to the agreement to address a complaint to the Security Council about significant non-performance by another JCPOA participant.

Within 30 days of receiving such a notification, the UN Security Council shall vote on a draft resolution to either maintain the termination of previous sanctions or allow them to be reimposed.

European powers are considering triggering the snapback mechanism after Iran's decision to suspend cooperation with the International Atomic Energy Agency (IAEA).