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Thomson Reuters The US sanctioned Chinese and a Russian entities on Wednesday for helping service the illegal cigarette and alcohol trade in North Korea. According to the US Treasury, North Korea’s cigarette smuggling has reportedly netted the Kim regime over $ 1 billion per year. Profits from the cigarette trade and other smuggling schemes are […]
US senators will soon introduce new sanctions targeting financial institutions dealing with Pyongyang. The bill threatens to expel those conducting business with North Korea from the US financial system. US Senators Chris Van Hollen (D- Maryland) and Patrick Toomey (R- Pennsylvania) proposed bipartisan legislation on Wednesday aimed at “achieving a nuclear free Korean Peninsula” after […]
“The new sanctions … are not compatible with America’s commitments and resolution 2231 of the U.N. Security Council that endorsed the nuclear deal reached between Iran and six powers,” the Iranian Foreign Ministry statement said late on Friday. “In retaliation for the U.S. sanctions, Iran will impose legal restrictions on some American individuals and entities […]
