Washington (February 24, 2018): United States President Donald Trump announced Friday that the US Treasury Department is imposing new sanctions against North Korea specifically targeting the country’s shipping and trading companies and vessels in an effort to further isolate the rogue regime.
Trump used a speech to conservatives just outside Washington to step up his campaign of “maximum pressure” designed to force North Korea to roll back its weapons programs.“We imposed today the heaviest sanctions ever imposed on a country before,” Trump claimed at the end of a 90 minute campaign-style address.In light of past US embargoes, that is likely an overstatement, but Treasury Secretary Steve Mnuchin confirmed the sanctions covered “virtually all the ships” North Korea is “using at this moment in time.”
“I do want to say because people have asked, North Korea,” he said instead. “Frankly hopefully something positive can happen.”
The latest sanctions are designed to put the squeeze on North Korea´s already precarious economy and fuel supply.