After China, Russia too is preparing response to latest US sanctions
Wednesday, 23 August 2017

Moscow has fired back at the latest round of US sanctions targeting Russian interests, as Washington blacklisted one Russian company and four individuals for their alleged dealings with North Korea.

On Tuesday, the US Treasury revealed it had imposed sanctions on 16 Russian and Chinese nationals and companies for their alleged dealings with North Korea. The Treasury claims the sanctions are in line with the internationally agreed measures against North Korea’s missile and nuclear weapons programs. The companies are accused of working with blacklisted individuals, helping develop the North Korean energy sector, help it place workers abroad or move money from abroad. As a result, their US assets are frozen and Americans are forbidden from doing business with them.

“It is unacceptable for individuals and companies in China, Russia, and elsewhere to enable North Korea to generate income used to develop weapons of mass destruction and destabilize the region,” Treasury Secretary Steven Mnuchin said in a statement.

“We are taking actions consistent with UN sanctions to show that there are consequences for defying sanctions and providing support to North Korea, and to deter this activity in the future.”

Reacting to the sanctions, Russian Deputy Foreign Minister Sergey Ryabkov issued a statement expressing disappointment, and warning Washington that Russia was working on a response.

“Against such a depressing backdrop, the lip service from American representatives about the desire to stabilize bilateral relations is extremely unconvincing,” Ryabkov said. “We have always and will always support resolving our existing differences through dialogue. In recent years, Washington in theory should have learned that for us the language of sanctions is unacceptable, and the solutions to real problems are only hindered by such actions. So far, however, there doesn’t seem to be an understanding of such obvious truths.

“Nevertheless, we do not lose our hope that the voice of reason will sooner or later prevail, and that our American colleagues will be aware of the futility and detrimental nature of further sliding down the spiral of sanctions.

“In the meantime, we are beginning to work out the inevitable response to this situation.”

The companies under sanction include Gefest-M, a Moscow-based firm accused of acquiring metals for a North Korean company, and Mingzheng International Trading, a Chinese and Hong Kong-based bank that supposedly conducted transactions on behalf of North Korea.

Andrey Klimov, a senior Russian senator, said that the US sanctions against Gefest-M and the others lack legitimacy.

 



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