UPDATED 8:14 AM PT — Friday, March 22, 2019
The U.S. is placing sanctions on two Chinese shipping companies after alleging they helped North Korea evade international trade sanctions.
On Thursday the companies were banned from accessing the U.S. financial system, and any companies who do business with them can now face penalties. This is seen as an attempt by the U.S. to punish China for allowing its companies to continue illegal trade with North Korea.
Chinese Foreign Ministry spokesman said China will oppose any country pushing its jurisdiction on Chinese entities.
“As for Chinese enterprises and individuals, if any behavior occurs in violation of United Nations Security Council resolutions, once verified, China will investigate and prosecute according to our domestic law,” stated the Chinese spokesman.
The foreign ministry urged the U.S. to stop the sanctions, and said China doesn’t want the move to affect cooperation between the two countries.
This is the first time the U.S. has tightened sanctions on North Korea since failed talks in Vietnam last month.