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U.S. Slaps Chinese Firm With Sanctions - China butt hurt
 [Daily Caller] The U.S. sanctioned and filed charges against a Chinese firm for doing illegal business with North Korea, and China is not pleased, according to Reuters.The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned China’s Dandong Hongxiang Industrial Development Company Ltd. (DHID) Monday. Criminal charges were brought against four executives, namely, Ma Xiaohong, Zhou Jianshu, Hong Jinhua, and Luo Chuanxu, for contributing to North Korean proliferation of weapons of mass destruction (WMD). DHID is being charged with collaborating with Korea Kwangson Banking Corporation (KKBC), which is under U.S. and U.N. sanctions for providing financial services for North Korean WMD programs. China’s Ministry of Foreign Affairs said Tuesday that it firmly opposes countries that try to "exercise ’long-arm jurisdiction’ by enforcing its domestic laws over China’s enterprises and individuals." Posted by: Besoeker 2016-10-02 |
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