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Treasury Sanctions Chinese, N. Korean Companies Over Trade

Law360, New York (November 21, 2017, 9:18 PM EST) -- The U.S. Department of Treasury said Tuesday that it had sanctioned four Chinese companies and a slew of North Korean companies and vessels in an effort “to disrupt North Korea's illicit funding of its unlawful nuclear and ballistic missile programs.”

Treasury’s Office of Foreign Assets Control said Chinese company Dandong Dongyuan Industrial Co. Ltd. — whose owner, Sun Sidong, was also sanctioned — has exported more than $28 million in goods such as motor vehicles, aluminum, iron, pipes and other material related to nuclear reactors to...
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