Russia Calls Latest US Sanctions on Companies in Russia, China, and Singapore ‘Useless’
Aug 16, 2018PoliticsComments Off on Russia Calls Latest US Sanctions on Companies in Russia, China, and Singapore ‘Useless’
Russia says the latest U.S. sanctions imposed on Russian, Chinese, and Singaporean companies are destructive" and "useless.
The U.S. penalized the three companies Wednesday, accusing them of helping North Korea avoid international sanctions.
The Russian Foreign Ministry said Thursday the new U.S. sanctions come when joint international efforts are needed toward a settlement in North Korea. Moscow said the sanctions could undermine denuclearization talks.
The U.S. has accused a Chinese trading company and its affiliate in Singapore of falsifying documents aimed at easing illegal shipments of alcohol and cigarettes into North Korea. The companies are said to have earned more than $1 billion.
A Russian company was also sanctioned for providing port services to North Korean-flagged ships engaged in illegal oil shipments.
The sanctions freeze any assets the companies may have in the United States and bars Americans from doing business with them.