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U.S. extends North Korea-related sanctions

16 September 2018

The United States accused Russia on Thursday of pressuring an independent panel of U.N. experts to alter a report on sanctions against North Korea that included alleged sanctions violations "implicating Russian actors".

"These actions are meant to stop the flow of illicit revenue to North Korea from overseas information technology workers disguising their true identities and hiding behind front companies, aliases, and third-party nationals", Treasury Secretary Steven Mnuchin said in a statement.

The two companies and their leader are banned from the USA financial system, and U.S persons and firms are prohibited from conducting businesses with them.

A summary of the experts report obtained in early August by The Associated Press also said North Korea has not stopped its nuclear and missile programs.

Penalties "intended to stop the flow of illicit revenue to North Korea" Treasury Sec.

United Nations diplomats familiar with discussions said Russian Federation was angered that the panel used a lot of USA intelligence in the initial report that Moscow claimed was incorrect.

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As of the middle of this year, China Silver Star had earned millions of United States dollars through projects with Chinese and other companies, according to the Treasury.

"Also sanctioned, .is the firm's CEO, Jong Song-hwa and its Russia-based front company, Volasys Silver Star".

September 6, the US Treasury imposed sanctions against North Korean companies and citizens of the DPRK for conducting cyber attacks.

Last week, US federal prosecutors charged a North Korean computer programmer with devastating cyberattacks that hacked Sony Pictures Entertainment and unleashed the WannaCry ransomware virus that infected computers in 150 countries and crippled parts of the British health care system. North Korea denied involvement.

The move comes a week after USA federal prosecutors charged a North Korean computer programmer over major cyber crimes including the 2014 cyberattack on Sony Pictures Entertainment.

According to the worldwide atomic energy Agency (IAEA), North Korea does not fulfill agreements on denuclearization. Still, the White House said Monday that Trump has received a request from Kim for a second summit, and planning is in motion to make it happen. "Period", Haley said in a statement.

U.S. extends North Korea-related sanctions