BR100 Decreased By (-0.98%)
BR30 Decreased By (-0.58%)
KSE100 Decreased By (-0.97%)
KSE30 Decreased By (-1.07%)
AGHA 7.70 Decreased By ▼ -0.11 (-1.41%)
BECO 5.13 Decreased By ▼ -0.08 (-1.54%)
BML 56.67 Decreased By ▼ -0.83 (-1.44%)
BOP 33.75 Decreased By ▼ -0.28 (-0.82%)
CNERGY 9.88 Decreased By ▼ -0.08 (-0.8%)
CSIL 5.29 Decreased By ▼ -0.02 (-0.38%)
FCCL 53.09 Decreased By ▼ -1.61 (-2.94%)
FFL 16.52 Decreased By ▼ -0.17 (-1.02%)
FNEL 1.21 Decreased By ▼ -0.02 (-1.63%)
KEL 7.22 Decreased By ▼ -0.18 (-2.43%)
KOSM 5.72 Decreased By ▼ -0.05 (-0.87%)
LOTCHEM 29.31 Decreased By ▼ -0.01 (-0.03%)
MLCF 92.16 Decreased By ▼ -2.20 (-2.33%)
NBP 201.61 Decreased By ▼ -1.44 (-0.71%)
NCPL 56.45 Decreased By ▼ -0.55 (-0.96%)
NPL 66.57 Decreased By ▼ -1.13 (-1.67%)
OGDC 316.29 Increased By ▲ 0.45 (0.14%)
PACE 10.48 Decreased By ▼ -0.16 (-1.5%)
PAEL 42.04 Decreased By ▼ -1.16 (-2.69%)
PIBTL 16.41 Decreased By ▼ -0.33 (-1.97%)
PPL 216.84 Decreased By ▼ -2.94 (-1.34%)
PRL 50.86 Increased By ▲ 1.67 (3.39%)
PTC 69.86 Decreased By ▼ -0.67 (-0.95%)
SSGC 26.98 Decreased By ▼ -1.27 (-4.5%)
TBL 9.73 Decreased By ▼ -0.13 (-1.32%)
TELE 8.65 Decreased By ▼ -0.14 (-1.59%)
TPL 17.90 Decreased By ▼ -0.34 (-1.86%)
TPLP 13.39 Increased By ▲ 0.12 (0.9%)
TREET 22.56 Decreased By ▼ -0.16 (-0.7%)
TRG 59.26 Decreased By ▼ -0.88 (-1.46%)
By

WASHINGTON: The United States unveiled sanctions Wednesday against a network of half a dozen people and five firms in China it accuses of supporting North Korea’s ballistic missile and space programs.

The network is alleged to have helped North Korea with procuring items for its ballistic missile programs, which the US Treasury Department said were being operated in “flagrant violation” of UN Security Council resolutions.

North Korea’s continued development of its ballistic missile technologies “is both irresponsible and destabilizing for both the region and the international community,” Treasury under secretary for terrorism and financial intelligence Brian Nelson said in a statement.

“The United States remains committed to using our tools to enforce these international sanctions, including disrupting the illicit procurement networks that provide key inputs for these technologies,” he added.

Blinken to shore up US relationships in Asia amid political uncertainty at home

The US Treasury said North Korea’s space and ballistic missile programs made use of an “extensive network” of overseas agents to procure the foreign-sourced materials needed, which included personnel at its diplomatic missions and trade offices, “as well as third-country nationals.”

It also makes use of foreign firms to purchase the items it needs, the Treasury added.

Among those sanctioned by the Treasury on Wednesday was Shi Qianpei, a Chinese national, whom the Treasury Department accused of working with a previously-designated individual based in Beijing to procure metal sheets used in the production of North Korean missiles.

Other individuals sanctioned include Chen Tianxin, Shi Qianpei’s business partner and wife, and two of his employees, all of whom helped with the procurement efforts, the Treasury said.

Comments

Comments are closed for this article.