New US Sanctions ‘Won’t Help’ Cooperation On North Korea, Says China

New US Sanctions ‘Won’t Help’ Cooperation On North Korea, Says China

BEIJING (Reuters) – China said Wednesday that new US sanctions against Chinese companies linked to North Korea “failed to help every” cooperation with China in the nuclear crisis.

The United States Treasury Department on Tuesday slammed punitive measures on a range of individuals and companies from China and Russia, accusing them of supporting North Korea’s nuclear program and trying to evade US sanctions.

President Donald Trump has led China to do more to persuade its ally North Korea to abandon its nuclear and ballistic missile programs.

“US action does not contribute to the solution of the problem, as well as mutual trust and cooperation with China,” Foreign Ministry spokesman Hua Chunying said.

“We call on the United States to stop this misconduct and to correct it,” he said.

Meanwhile, Hua said that the situation “extreme tension” in the Korean peninsula “showed signs of descent” through the concerted efforts of various parties, although “remains very complex and sensitive.”

He made observation hours after the US Secretary of State told Tillerson talks with the North could be “in the near future.”

Trump later said in a speech that North Korean leader Kim Jong-un “began to respect” the United States.

Hua renewed Beijing’s call for peace talks and for North Korea and the United States to “show restraint.”

“We have also noted that many country leaders also said that the question of the Korean peninsula should be resolved peacefully and the call to dialogue, peace and discredit, rather than confrontation, war and provocation, represents the common voice Of the international community “.

Tensions have eased since Kim withdrew a plan to send a missile salvo to the US Pacific territory of Guam.

But Pyongyang on Wednesday unveiled significant technological advances in its missile programs and ambitious plans to upgrade its capabilities.

Coal Company

The new sanctions are part of a larger effort by the United States to disrupt the cash flow of North Korea’s weapons programs. They address companies that have dealt with natural resources like coal and minerals or have engaged in financial transactions for the interests of North Korea.

This is the second time since June that Washington has turned to Chinese entities linked to North Korea.

“It is unacceptable that individuals and businesses in China, Russia and other countries to allow North Korea to generate income to be used to develop weapons of mass destruction and to destabilize the region,” said Treasury Secretary Steven Di Mnuchin it’s a statement.

China supported new UN sanctions against North Korea earlier this month and last week announced it supported a ban on imports of iron, iron ore and seafood.

Beijing had already suspended imports of coal from North Korea in February.

The new US sanctions have addressed half of a dozen Chinese companies, including three Dandong Zhicheng Metallic Materials Co Ltd, Jinhou International Holding Co Ltd and Dandong Tianfu Trade Co Ltd – Washington has reported importing nearly half North Korean coal value ticket between 2013 and 2016.

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