USA imposes largest package of sanctions on North Korea

"We are ramping up the pressure on the North Korean regime, and we're going to use every tool at our disposal, including working with our allies and through the UN, to increase the pressure until North Korea reverses course", US Ambassador to the UN Nikki Haley said in a statement.

Moon met Kim Yo Jong, the sister of North Korean leader Kim Jong Un, and Kim Yong Nam, North Korea's nominal head of state, a day after the opening ceremony and urged North Korea to do more to engage in a dialogue with the United States.

Mnuchin went on to say that the Treasury Department and the U.S. Coast Guard are "aggressively targeting all illicit avenues used by North Korea to evade sanctions, including taking decisive action to block vessels, shipping companies, and entities across the globe that work on North Korea's behalf".

The U.S. Department of the Treasury imposed new North Korea related designations targeting one individual, 27 entities, and 28 ships, the Office of Foreign Assets Control (OFAC) announced on Friday.

In its latest step to heighten its economic warfare against North Korea, the U.S. government imposed sanctions against 27 entities and 28 vessels either registered or flagged in several countries, including North Korea, China and Singapore. Trump responded by pushing for joint efforts by the US and South Korea to apply maximum pressure on North Korea, Yoon said.

Treasury Secretary Steven Mnuchin said the USA is seeking to "significantly hinder" North Korea's ability to conduct illicit shipping in worldwide waters.

The measures - aimed at disrupting North Korean shipping companies and vessels - will heighten pressure on North Korean leader Kim Jong-un, a U.S. treasury department statement, said on Friday. "Hopefully, something positive can happen".

The Trump administration is tightening the noose on North Korea, strangling the life out of its economy like never before.

It also blacklisted 16 North shipping companies and 19 of their North Korean-flagged vessels. Another administration official said that the US would seek United Nations designations on the entities that were unilaterally sanctioned on Friday.

Ivanka Trump, who is one of her father's close advisers, is leading the United States delegation at this weekend's closing ceremony for the Pyeongchang Games.

The measures are set to be announced just as the president's daughter, Ivanka Trump, arrives in South Korea.

James Risch (R-Idaho) held an open press gaggle at USA House in the Yongpyong Resort before the US delegation attended their first event for the day.

"If we can make a deal, it'll be a great thing".

The North Korean regime is facing unprecedented levels of pressure.

"Through today's actions, we are putting companies and countries across the world on notice", Treasury Secretary Steven Mnuchin said.

Trump and aides have not ruled out a military response to North Korea's nuclear threats.

  • Tracy Klein