US President Donald Trump has announced what he called America’s “largest ever” tranche of sanctions against North Korea, in an attempt to increase pressure on the nuclear-armed country.
Trump made the announcement during his speech at the Conservative Political Action Conference on Friday, days after US Secretary of State Rex Tillerson said the pressure from the US-led economic sanctions is “having its bite on North Korea.”
“Today I am announcing that we are launching the largest-ever set of new sanctions on the North Korean regime,” Trump said.
“The Treasury Department will soon be taking new action to further cut off sources of revenue and fuel that the regime uses to fund its nuclear program and sustain its military by targeting 56 vessels, shipping companies and trade businesses that are assisting North Korea in evading sanctions,” he added.
Meanwhile, the Department of Treasury, State Department and the US Coast Guard…