Corrected: U.S. hits Chinese and Russian firms over breach of N.Korea sanctions

Reuters  |  WASHINGTON 

(Corrects surname to not in paragraph 8)

The said in a statement China-based and its Singapore-based affiliate had netted more than $1 billion a year by exporting alcohol and to

The department also sanctioned Russian-based and its director general, Vasili Aleksandrovich Kolchanov, for providing on at least six occasions to North Korean-flagged ships.

Kolchanov was personally involved in North Korea-related deals and interacted directly with North Korean representatives in Russia, the department said.

"The tactics that these entities based in China, Singapore, and are using to attempt to evade sanctions are prohibited under U.S. law, and all facets of the shipping industry have a responsibility to abide by them or expose themselves to serious risks," said in a statement.

The sanctions mandate that no U.S. citizen can deal with any of those designated in the order, and any of their properties in the "must be blocked", Treasury said.

The has been pressuring to give up its nuclear weapons program.

Ye, of Dalian Sun Moon Star International Logistics Trading, said when asked for comment on the statement the matter was still unclear and the Chinese company had not received any notice.

China's official agency said the United States needed to back off with the pressure on North Korea if it was serious about wanting lasting peace on the

"should be reminded that the 'maximum pressure' approach on is not in keeping with the current situation on the and it needs to consider easing sanctions," Xinhua said in a commentary.

Such commentaries are not statements on official positions, but can be read as a reflection of government thinking.

has repeatedly said it fully and strictly enforces U.N. resolutions on North Korea, but that it also has a right to conduct what it calls "normal trade" with the country in areas outside the scope of the sanctions.

has also been angered by unilateral U.S. sanctions on Chinese firms and individuals.

(Reporting by and Lesley Wroughton; Additional reporting by Liangping Gao, and in BEIJING Editing by Mohammad Zargham, and Paul Tait)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 16 2018. 13:55 IST