On 21 September 2017, the White House published President Trump’s newest Executive Order, which widens U.S. sanctions against North Korea. After President Trump’s speech at the United Nations, in which he called North Korea’s leader Kim Jong-un “the rocket man on a suicide mission,” he has now widened sanctions against the hermit state.
President Trump’ unprecedented speech, warning Pyongyang to back down from its nuclear challenge, he went on to threaten to eliminate a UN member state.
“If [the United States] is forced to defend itself or its allies, we will have no choice but to totally destroy North Korea,” he told world leaders, causing a stir in the hallowed hall of diplomacy.
Given North Korea’s behavior, the threat should not come as a surprise, although threatening to destroy a country is probably unbecoming of the leader of the free world.
In the newest Executive Order, the following sanctions have been imposed:
A. the blocking of all property and interests in property in the U.S. or subject to the jurisdiction of the U.S. of persons who:
- operate in the construction, energy, financial services, fishing, information technology, manufacturing, medical, mining, textiles, or transportation industries in North Korea;
- own, control, or operate any port in North Korea, including any seaport, airport, or land port of entry;
- have engaged in at least one significant importation from or exportation to North Korea of any goods, services, or technology;
- are a North Korean person, including a North Korean person that has engaged in commercial activity that generates revenue for the Government of North Korea or the Workers’ Party of Korea;
- have materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, any person whose property and interests in property are blocked pursuant to this order; or
- are owned or controlled by, or to have acted or purported to act for or on behalf of, directly or indirectly, any person whose property and interests in property are blocked pursuant to this order.
B. The standard facilitation prohibitions are imposed on persons subject to the jurisdiction of the U.S.
C. Similar to the Cuban sanctions, restrictions are imposed on aircraft and vessels:
No aircraft in which a foreign person has an interest that has landed at a place in North Korea may land at a place in the United States within 180 days after departure from North Korea.
No vessel in which a foreign person has an interest that has called at a port in North Korea within the previous 180 days, and no vessel in which a foreign person has an interest that has engaged in a ship‑to‑ship transfer with such a vessel within the previous 180 days, may call at a port in the United States.
D. President Trump also authorizes the imposition of financial sanctions and restrictions on non-U.S. financial institutions which have facilitated prohibited activities to North Korean blacklisted persons and/or banks.
Let’s see whether this will have any impact on North Korea.
To be continued.