US imposes sanctions on China for supporting North Korea's missile programs
The United States has imposed sanctions on six individuals and five organizations in China that facilitate the development of North Korea's ballistic and space programs in violation of UN Security Council resolutions, according to a release from the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury.
"Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned a network of six individuals and five entities based in the People’s Republic of China (PRC), involved in the procurement of items supporting the Democratic People’s Republic of Korea’s (DPRK) ballistic missile and space programs," the statement reads.
The US Department of the Treasury emphasized that North Korea continues to violate UN Security Council resolutions and launched a military satellite at the end of May 2024.
Additionally, the US agency noted that North Korea has supplied ballistic missiles to Russia, which are used to strike civilian cities and infrastructure.
It is worth noting that earlier, we reported that the United States and its partners are prepared to use sanctions and export controls to stop China-Russia trade that threatens their security amid the war against Ukraine.
Recently, it was revealed that Russia and China have found a workaround for payments following the expansion of US sanctions.