BR100 Decreased By (-0.4%)
BR30 Decreased By (-0.65%)
KSE100 Decreased By (-0.29%)
KSE30 Decreased By (-0.22%)
AGHA 6.58 Decreased By ▼ -0.09 (-1.35%)
BECO 4.38 Increased By ▲ 0.03 (0.69%)
BML 55.53 Decreased By ▼ -0.64 (-1.14%)
BOP 29.93 Decreased By ▼ -0.19 (-0.63%)
CNERGY 12.72 Decreased By ▼ -0.26 (-2%)
CSIL 5.20 Decreased By ▼ -0.11 (-2.07%)
FCCL 51.13 Decreased By ▼ -0.52 (-1.01%)
FFL 14.41 Decreased By ▼ -0.08 (-0.55%)
FNEL 1.22 Increased By ▲ 0.01 (0.83%)
KEL 5.97 Decreased By ▼ -0.09 (-1.49%)
KOSM 5.57 Decreased By ▼ -0.27 (-4.62%)
LOTCHEM 26.25 Increased By ▲ 0.08 (0.31%)
MLCF 90.14 Decreased By ▼ -1.09 (-1.19%)
NBP 162.11 Decreased By ▼ -2.08 (-1.27%)
NCPL 52.62 Decreased By ▼ -0.56 (-1.05%)
NPL 57.98 Decreased By ▼ -1.14 (-1.93%)
OGDC 314.62 Increased By ▲ 1.23 (0.39%)
PACE 9.70 Decreased By ▼ -0.07 (-0.72%)
PAEL 34.77 Decreased By ▼ -0.47 (-1.33%)
PIBTL 14.20 Decreased By ▼ -0.51 (-3.47%)
PPL 220.66 Decreased By ▼ -0.70 (-0.32%)
PRL 90.35 Decreased By ▼ -0.87 (-0.95%)
PTC 58.87 Decreased By ▼ -0.32 (-0.54%)
SSGC 23.27 Decreased By ▼ -0.03 (-0.13%)
TBL 8.67 Decreased By ▼ -0.08 (-0.91%)
TELE 7.36 Decreased By ▼ -0.25 (-3.29%)
TPL 21.02 Decreased By ▼ -1.01 (-4.58%)
TPLP 12.10 Decreased By ▼ -0.46 (-3.66%)
TREET 21.36 Decreased By ▼ -0.37 (-1.7%)
TRG 54.39 Decreased By ▼ -1.40 (-2.51%)
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.