U.S. sanctions Russian, Chinese tech firms over funds for N.Korea

US Announces New North Korea Sanctions

The United States on Thursday imposed sanctions on two firms, one in Russian Federation and one in China, for supporting North Korea's nuclear and missile programs.

Treasury Secretary Steven MnuchinSteven Terner MnuchinBusinesses urge Trump admin. against Postal Service rate hikes Trump admin mulling sanctions on China over Muslim internment camps: report Trump administration weighs sanctions over Chinese hackers: report MORE said in a statement that the penalties "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".

Russian Ambassador Vassily Nebenzia said in late August that he put a hold on the report's release "because we disagree with certain elements" that he refused to disclose.

Diplomats said Russian Federation pressured the independent sanctions monitors to amend the report.

The report, submitted to the Security Council's North Korea sanctions committee last month, said Pyongyang had not stopped its nuclear and missile programs and was violating United Nations sanctions on exports.

The report said Pyongyang had not stopped its nuclear and missile programs and that it was violating United Nations sanctions on exports.

Russian Federation argued the report filed to take into consideration Moscow's own analysis of the sanctions and that it had relied too heavily on intelligence from the US.

The Trump administration has kept up sanctions pressure on the North, even as the US seeks to negotiate on denuclearization.

It accused China-based Yanbian Silver Star Network Technology Co., and its Russia-based sister company, Volasys Silver Star, of violating US sanctions by working to hide the nationalities of North Korean IT workers. MsHaley called for the initial version of the report - dating from early August - to be published.

The dispute between Russian Federation and the United States as well as Western and other Security Council members has delayed the official release of the six-month report by the expert panel monitoring sanctions against North Korea.

Treasury secretary Steven Mnuchin said: "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".

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

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