UN blacklists dozens of ships, businesses

South Korean Unification Minister Cho Myoung Gyon and Ri Son Gwon chairman of North Korea's Committee shake hands

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The UN Security Council imposed new sanctions against North Korea, the restrictions relating to ships and shipping companies associated with the smuggling of oil and coal, reports the Chronicle.info with reference to the Ukrainian truth.

The move will ban blacklisted ships from ports around the world and freeze the assets of the companies and individuals punished by the sanctions package.

Also blacklisted was Taiwanese businessman Tsang Yung Yuan, who was hit by a global travel ban and assets freeze for organising illegal shipments of North Korean coal with a North Korean broker in Russian Federation.

Numerous entities hit by the latest United Nations sanctions were previously targeted by the U.S. Department of the Treasury, according to The New York Times.

The council's North Korea sanctions committee acted on a request by the United States, designating 21 shipping companies - including five based in China - 15 North Korean ships, 12 non-North Korean ships and Taiwanese Tsang Yung-yuan (張永源).

The move increases pressure on Pyongyang as the country's leader, Kim Jong-un, plans to meet with his South Korean and U.S. counterparts.

After the USA sanctions in February were imposed, Taiwan's Ministry of Foreign Affairs (MOFA) said his government would continue its efforts in probing into possible assistance other Taiwanese individuals and entities may have provided to North Korea and some North Koreans.

Some analysts said that Kim's recent agreement to meet with President Moon Jae-in of South Korea in April and later with President Donald Trump was driven in part by a desire to ease sanctions.

Citing the Terrorism Financing Prevention Act, the MOJ said individuals in Taiwan subject to worldwide sanctions will not be permitted to withdraw or transfer funds or open new bank accounts, while all other personal assets will be frozen. But meanwhile, "unfortunately, maximum sanctions and pressure must be maintained at all cost!"

"The approval of this historic sanctions package is a clear sign that the global community is united in our efforts to keep up maximum pressure on the North Korean regime", Haley said in a statement.

The measures severely restrict deliveries of oil and refined petroleum products to North Korea, but sanctions monitors have reported that Pyongyang has used vessels to dodge those restrictions.

United Nations the assets of 21 shipping companies, including companies based in the Marshall Islands, Singapore, Panama and Samoa should be frozen.

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