AIRLINK 207.00 Increased By ▲ 6.71 (3.35%)
BOP 10.37 Decreased By ▼ -0.12 (-1.14%)
CNERGY 7.15 Decreased By ▼ -0.06 (-0.83%)
FCCL 34.86 Decreased By ▼ -0.08 (-0.23%)
FFL 17.30 Decreased By ▼ -0.12 (-0.69%)
FLYNG 25.11 Increased By ▲ 0.26 (1.05%)
HUBC 128.80 Increased By ▲ 0.99 (0.77%)
HUMNL 14.10 Increased By ▲ 0.29 (2.1%)
KEL 5.00 No Change ▼ 0.00 (0%)
KOSM 6.64 Decreased By ▼ -0.39 (-5.55%)
MLCF 44.90 Increased By ▲ 0.28 (0.63%)
OGDC 221.30 Decreased By ▼ -0.85 (-0.38%)
PACE 7.17 Decreased By ▼ -0.25 (-3.37%)
PAEL 42.85 Increased By ▲ 0.05 (0.12%)
PIAHCLA 17.18 Decreased By ▼ -0.21 (-1.21%)
PIBTL 8.54 Increased By ▲ 0.03 (0.35%)
POWER 9.11 Decreased By ▼ -0.04 (-0.44%)
PPL 191.30 Decreased By ▼ -1.43 (-0.74%)
PRL 42.71 Increased By ▲ 1.21 (2.92%)
PTC 25.45 Increased By ▲ 1.01 (4.13%)
SEARL 103.75 Increased By ▲ 2.48 (2.45%)
SILK 1.02 Decreased By ▼ -0.03 (-2.86%)
SSGC 43.00 Decreased By ▼ -0.87 (-1.98%)
SYM 18.41 Decreased By ▼ -0.35 (-1.87%)
TELE 9.33 Decreased By ▼ -0.21 (-2.2%)
TPLP 13.24 Increased By ▲ 0.16 (1.22%)
TRG 70.51 Increased By ▲ 4.32 (6.53%)
WAVESAPP 10.55 Increased By ▲ 0.02 (0.19%)
WTL 1.78 No Change ▼ 0.00 (0%)
YOUW 4.00 Decreased By ▼ -0.04 (-0.99%)
BR100 12,059 Increased By 19.1 (0.16%)
BR30 36,818 Increased By 129.8 (0.35%)
KSE100 114,887 Increased By 83.2 (0.07%)
KSE30 36,055 Decreased By -46.9 (-0.13%)

WASHINGTON: The United States unveiled sanctions Wednesday against a network of half a dozen people and five firms in China it accuses of supporting North Korea’s ballistic missile and space programs.

The network is alleged to have helped North Korea with procuring items for its ballistic missile programs, which the US Treasury Department said were being operated in “flagrant violation” of UN Security Council resolutions.

North Korea’s continued development of its ballistic missile technologies “is both irresponsible and destabilizing for both the region and the international community,” Treasury under secretary for terrorism and financial intelligence Brian Nelson said in a statement.

“The United States remains committed to using our tools to enforce these international sanctions, including disrupting the illicit procurement networks that provide key inputs for these technologies,” he added.

Blinken to shore up US relationships in Asia amid political uncertainty at home

The US Treasury said North Korea’s space and ballistic missile programs made use of an “extensive network” of overseas agents to procure the foreign-sourced materials needed, which included personnel at its diplomatic missions and trade offices, “as well as third-country nationals.”

It also makes use of foreign firms to purchase the items it needs, the Treasury added.

Among those sanctioned by the Treasury on Wednesday was Shi Qianpei, a Chinese national, whom the Treasury Department accused of working with a previously-designated individual based in Beijing to procure metal sheets used in the production of North Korean missiles.

Other individuals sanctioned include Chen Tianxin, Shi Qianpei’s business partner and wife, and two of his employees, all of whom helped with the procurement efforts, the Treasury said.

Comments

200 characters