U.S. tightens sanctions on North Korean shipping

The Trump WASHINGTON — administration escalated pressure on North Korea Friday by slapping sanctions on scores of companies and ships accused of illicit trading with the pariah nation. Treasury Secretary Steven Mnuchin said the U.S. has now blacklisted virtually all ships being used by the North.

The administration billed it as the largest installment of North Korean economic restrictions to date as it intensifies its campaign of “maximum pressure” to get the North to give up its nuclear weapons. President Donald Trump went further, declaring in a speech Friday at the Conservative Political Action Conference that it was “the heaviest sanctions ever imposed on a country before.”

While that claim was questionable — previous U.S. measures have targeted bigger players in the North Korean economy, including Chinese and Russian business networks — it significantly tightens the noose on North Korean trading. Mnuchin told reporters that the U.S. has now imposed more than 450 sanctions against the North, about half of them in the last year — including “virtually all their ships that they’re using at this moment in time.”

Trump, who has vowed to use force if necessary to prevent North Korea acquiring a nuclear-tipped missile that could strike the U.S. mainland, warned that if sanctions don’t work, the U.S. would move to “phase two” in its pressure campaign against Pyongyang. He told a White House news conference that could be “very rough” and “very unfortunate for the world.” He did not elaborate.

“It really is a rogue nation,” Trump said in reference to North Korea. “If we can make a deal it will be a great thing. If we can’t, something will have to happen.”

The United Nations Security Council has imposed three sets of sanctions on North Korea in the past year. The restrictions are intended to deprive it of revenue and resources for its nuclear and ballistic missile development. Washington is particularly concerned about exports of North Korean coal that are prohibited by the U.N. sanctions and ship-to-ship transfers of imported oil and petroleum products.

The Treasury Department said it was barring U.S. business transactions with nine international shipping companies from China, Hong Kong, Singapore and Panama, and nine of their vessels. It also blacklisted 16 North shipping companies and 19 of their North Korean-flagged vessels.