Iran General NewsUS targets Chinese, Iranian, NKorean firms

US targets Chinese, Iranian, NKorean firms

-

ImageAP: The Obama administration said Monday it has imposed sanctions on companies in North Korea, China and Iran for violating U.S. law aimed at stopping the spread of missiles and other weapons technology.

The Associated Press

By FOSTER KLUG

ImageWASHINGTON (AP) — The Obama administration said Monday it has imposed sanctions on companies in North Korea, China and Iran for violating U.S. law aimed at stopping the spread of missiles and other weapons technology.

The penalties were the first of their kind from the new U.S. administration and signaled a willingness to continue the Bush administration's tough stance on weapons proliferation.

The sanctions, while largely symbolic, come at a sensitive time in two key U.S. diplomatic efforts. The United States relies on Chinese leverage in international negotiations to persuade North Korea to abandon its nuclear weapons programs. The Obama administration also needs the help of China, a veto-wielding member of the U.N. Security Council, to deter Iran from pursuing a nuclear weapon.

The measures were in the works for some time, but Obama officials signed off on them after the new president took office and announced them in Monday's Federal Register. They bar the companies from trade with the United States that they were not likely involved in.

The Obama administration is currently reviewing its North Korea policy, but Secretary of State Hillary Rodham Clinton has called the six-nation nuclear disarmament talks "essential." The United States heavily relies on China, the host of the negotiations and a country seen as having the most outside leverage with the North.

Those talks are stalled, however, and tensions are rising on the Korean peninsula as the North has made increasingly bellicose threats since President Barack Obama's inauguration. Pyongyang pledged on Monday to maintain its atomic weapons and warned of a possible nuclear war. On Friday, the North said it would scrap all peace accords with Seoul.

The North Korean companies are Korea Mining and Development Corporation, Mokong Trading Corporation and Sino-Ki. The Iranian companies are Shahid Bakeri Industrial Group and Shahid Hemmat Industrial Group. The Chinese companies are Dalian Sunny Industries and Bellamax.

AP writer Matthew Lee contributed to this report.

Latest news

Iran Is on the Brink of a Revolution

The wall of fear has been broken. In many cities across Iran, women are taking to the streets, leading...

Iran’s Regime Claims To Fill Global Energy Gap Despite Crippled Petroleum Sector

In recent weeks, the Iranian regime’s officials have been constantly exaggerating their huge capacity in oil and gas reserves...

What Is Happening in Iran?

Following the brutal killing of Masha Amini, the Iranian people have once again united to fight and defeat the...

Iran Regime’s Ministry of Culture’s Decision To Eliminate Children’s Intellectual Centers

With the so-called ‘Cultural Revolution’ which took place between 1980 and 1983, the Iranian regime tried to purge the...

Water Shortage Crisis and the Destruction of Iran’s Water Resources

Iran is currently suffering from a number of dangerous natural disasters. One of the most worrying is the drying...

Economic Freedom Under the Rule of the Mullahs in Iran

The Fraser institute published its annual report of the index of economic freedom on September 8, which measured the...

Must read

INTERVIEW – Italy wants G8 repudiation of Iran rights abuses

Reuters: G8 hosts Italy will press foreign ministers meeting...

India says won’t be pressured on Iran gas pipeline

Reuters: India will not be pressured into cancelling its...

You might also likeRELATED
Recommended to you