This is a great first in the history of the United States, to inflict such harsh sanctions on an enemy country like North Korea. The US administration has decided to significantly extend the sanctions against North Korea by depriving the authorities of the financial means of its nuclear program.
According to the Treasury Department, the sanctions will apply to 27 companies, 28 vessels and a natural person. The spokesman for the US administration said that this train of sanctions is “the most serious ever imposed on North Korea.”
“Today, I announce that we are introducing the largest package of sanctions against the North Korean regime. The Treasury will soon take further steps to continue to limit the sources of revenue and fuel that the regime uses to finance its nuclear program,” according to the text of President Trump’s speech to the Conservative Political Action Conference (CPAC).
“We are subjecting 27 maritime and transport companies, 28 vessels and one natural person to sanctions in 27 different countries around the world, including North Korea, China, Singapore, Taiwan and elsewhere. These are very serious sanctions, they concern almost the whole world.”
These sanctions against North Korea are adopted only by the USA. The UN Security Council adopted new sanctions on December 23 for Pyongyang following the ballistic missile fire on November 29, 2017. The penalty was to limit the supply of oil to North Korea and demanded the expulsion of all North Korean workers from other countries.