On Tuesday, the Treasury Department announced that it would impose new sanctions on Russian and Chinese entities doing business with North Korea.
The sanctions specifically targeted 10 entities and six individuals.
“Treasury will continue to increase pressure on North Korea by targeting those who support the advancement of nuclear and ballistic missile programs, and isolating them from the American financial system,” Treasury Secretary Steven Mnuchin said on Tuesday, according to CNBC.
Targets included those who aided other sanctioned individuals who helped North Korea. “It is unacceptable for individuals and companies in China, Russia, and elsewhere to enable North Korea to generate income used to develop weapons of mass destruction and destabilize the region,” Mnuchin also said.
According to Reuters, the U.S. government filed complaints against companies allegedly tied to North Korean entities.
JUST IN: U.S. files complaints to forfeit $11 million from companies with alleged links to sanctioned North Korean entities – DOJ pic.twitter.com/16LptHFtF9
— Reuters U.S. News (@ReutersUS) August 22, 2017
Treasury’s ramped up sanctions came just after heightened tensions surrounded U.S.-North Korean relations.
As was previously reported, Trump issued dire warnings to North Korea, suggesting that further provocations from the regime would result in an unprecedented military strike.
“It will be an event the likes of which nobody’s seen before, what will happen in North Korea,” Trump previously said.