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Foreign companies continue involvement in North Korean shipping

Anthony Ruggiero
17th November 2017 - Quoted by Leo Byrne - NK News

Over 20 companies, primarily based in China, continue to be in breach of UN resolutions by maintaining links to North Korean ships and Pyongyang-based organizations, NK Pro can reveal.

UN Resolutions 2270 and 2321 attempted to limit the North’s ability to diffuse its involvement with certain vessels and trades by continually shuffling ships around networks of foreign companies.

Under the regulations, countries are prohibited from “owning, leasing, operating, providing any vessel classification, certification or associated service, or insuring any vessel flagged by the DPRK,” paragraph 20 of Resolution 2270, passed in March 2016, reads.

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"The U.S. should lead an effort to increase sanctions on North Korea’s shipping sector, including on Chinese and Hong Kong companies facilitating UN sanctions evasion,” Anthony Ruggiero, a Senior Fellow at the Foundation for the Defense of Democracies, told NK Pro.

“Pyongyang uses Chinese and Hong Kong companies in the shipping, commercial, and financial sectors to evade sanctions. The Trump administration should also sanction additional companies and block additional North Korean-related vessels.”

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Read more here.

Tags

china-sanctions, csif, north-korea