U.S. Blacklists Another N.Korean Firm

July 22, 2010 08:18

The U.S. State Department on Tuesday put another North Korean company on a list of sanctions targets based on the Iran, North Korea, and Syria Nonproliferation Act.

The Korea Mining Development Trading Corporation was added to the list due to suspected dealings in weapons of mass destruction or ballistic missiles in violation of the Missile Technology Control Regime since 2006.

The company had already been designated by the U.S. Treasury Department as a target of financial sanctions. The blacklisting came as part of wider U.S. sanctions against the Stalinist country that largely cover well-trodden ground.

KOMID will not be permitted to conclude supply contracts with any U.S. government agencies or to take part in any U.S. government support programs. The newest round of sanctions will be effective for two years from the moment they take effect.

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