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Category: Sanctions

March 3, 2016

Treasury freezes assets of N. Korea’s National Defense Commission, No. 2 official Hwang Pyong-so

Within minutes of the U.N. Security Council’s approval of Resolution 2270, a very good friend and Democratic House staffer forwarded me this notice from the Treasury Department. (My transparent attempt to suck up to the next majority party in our budding idiocracy, now that the party that gave us Todd Akin, Christine O’Donnell, and Sarah Palin has found an equally qualified presidential candidate. But I digress.) As it turns out, the Treasury Department’s Office of Foreign Assets Control, or OFAC,...

Categories Sanctions
March 2, 2016

The U.N.’s new N. Korea sanctions will change the game … if they’re enforced.

The U.N. Security Council has just approved a new resolution, UNSCR 2270, sanctioning North Korea under Chapter VII and Article 41 of the U.N. Charter. Now that the Security Council has approved the resolution, I’m publishing this post, which I’ve been holding. It’s a strong text — very strong. In reviewing it, it’s useful to begin with my own wish list: Requiring member states to report North Korean property, accounts, and transactions to the U.N. Panel of Experts; Shipping sanctions...

Categories "United" Nations/Sanctions
February 29, 2016

How the new U.N. and U.S. sanctions on N. Korea can complement each other

It would be futile to post a detailed analysis of the U.N. Security Council’s draft North Korea sanctions resolution before the Security Council approves it. For now, it should suffice to say that the text falls short of some of my expectations, but exceeds far more of them. American liberals often default to the view that unilateral U.S. sanctions are useless or counterproductive, and that only the U.N. can give sanctions global reach and legitimacy. American conservatives often default to...

Categories "United" Nations/Sanctions
February 21, 2016

China’s largest bank freezes North Korean accounts

Not even a week after President Obama signed the North Korea Sanctions and Policy Enhancement Act into law (full disclosure), a South Korean newspaper is reporting that a number of Chinese banks, including China’s largest bank (and the world’s largest, in terms of assets) have frozen the accounts of their North Korean customers. It has been confirmed that some Chinese banks in northeastern China, including the Dandong, Liaoning Province branch of Industrial and Commercial Bank of China (ICBC), the country’s largest...

Categories China & Korea/Sanctions
February 18, 2016

What the U.N.’s new North Korea sanctions resolution should (and should not) do.

Yonhap reports that the U.S. and China have made progress toward an agreement on a draft U.N. Security Council resolution. Although we’ve seen few hints about exactly what sanctions China is willing to sign up for — much less enforce — China is paying lip service to the notion that North Korea must pay a “necessary price” for its behavior. Has Xi Jinping relented in his unprecedented stubbornness, or was it always China’s plan to relent after stalling us, in the hope that...

Categories China & Korea/Class Warfare/Diplomacy/Sanctions
February 17, 2016

The end of the beginning: President Obama will sign North Korea sanctions into law

Update, 2/18: The President signed the bill. ~   ~   ~ This afternoon, the White House made it official — the President will sign the North Korea Sanctions and Policy Enhancement Act. The White House didn’t say when, but I’d expect it to happen within a week or so. The question now turns to implementing the bill to maximize its impact on the regime, while minimizing the impact on the North Korean people. For well over a month, the...

Categories Sanctions/U.S. Law
February 15, 2016

The rebirth of an alliance: The U.S., South Korea & Japan are finally getting North Korea policy right

As you and I both know, I spend a lot of keystrokes here kvetching about the lax enforcement of sanctions against North Korea, but I’ve also written that diplomacy is essential to making sanctions work. Now, for the first time I can recall, the U.S., South Korea, and Japan are coordinating their policies as allies should. They’ve coordinated their defense responses to the North’s missile test, their calls for tougher U.N. sanctions, their strategies to strengthen sanctions enforcement, and their recruitment of new...

Categories Diplomacy/Kaesong/Sanctions/Sunshine
February 12, 2016

N. Korea sanctions bill headed for President’s desk later today; Hillary makes a funny about Bernie.

By now, most of you know that the North Korea Sanctions and Policy Enhancement Act, the Senate’s version of H.R. 757, passed the Senate unanimously Wednesday night. The House is expected to pass the Senate’s version this morning and send it to the President’s desk. In an election year, when floor time is especially precious, it was remarkable and humbling that the Senate spent an entire day debating this bill. Senator after senator came to the floor to give supportive...

Categories Sanctions/U.S. Law
February 9, 2016

NYT: How China helped N. Korea buy ski lift cable cars, and break U.N. sanctions

Yesterday, I posted about hunger in North Korea, the fact that Kim Jong-un is spending the nation’s lunch money on missiles and ski resorts, and the importance of helping the North Korean people make that connection though a comprehensive information operations strategy. The New York Times has bolstered the evidence of North Korean and Chinese culpability for this tragedy with a detailed report on North Korea’s purchase of the equipment for its ski resort through China. Previously, NK News revealed that the...

Categories China & Korea/Class Warfare/Luxury Goods
February 7, 2016

Ed Royce’s North Korea sanctions bill is already giving President Obama leverage over China

Kim Jong-un’s Groundhog Day message to the world was the announcement of a long-range missile test, and as you’ve no doubt heard, he has since made good on that threat. Like the movie “Groundhog Day,” this provocation cycle has been a variation on an endless loop. In 2006, 2009, and 2013, the missile test came before the nuke test, but if reports that His Corpulency is preparing yet another nuclear test are true, that will still technically be the case. Otherwise, events have...

Categories China/Diplomacy/Sanctions
February 1, 2016

Senate Foreign Relations Committee agrees on, passes North Korea sanctions bill

Last week’s big news was that the Senate Foreign Relations Committee, the last real legislative obstacle to a North Korea sanctions law, reached a compromise and unanimously approved a tough new version. Both Republicans and Democrats gave supportive statements before and after the vote: “We have a bill that, in many respects, is stronger than the House bill,” said the Senate committee’s top Democrat, Ben Cardin of Maryland. “What we do is put pressure on not just the government, but...

Categories Sanctions/U.S. Law/U.S. Politics
January 26, 2016

Senate sanctions bills pick up new co-sponsors

It may be of no more than symbolic value at this point, with intense behind-the-scenes discussions ongoing over a bipartisan compromise bill, but symbols do matter, and a few more senators have lined up behind different versions of the North Korea Sanctions Enforcement Act in the Senate. One of the Senate bills, S. 2144, has picked up Republicans David Perdue and Johnny Isakson of Georgia, Tom Cotton of Arkansas, Steve Daines of Montana, Mark Kirk of Illinois, Kelly Ayotte of New...

Categories Sanctions/U.S. Law/U.S. Politics
January 21, 2016

In The Weekly Standard: Ed Royce’s Bipartisan Coup Against a Bipartisan Failure

If President Obama ends up signing a North Korea sanctions bill in the next 30 days — and at this point, I don’t know what interest he has in vetoing one — it will effect the biggest change in our North Korea policy since the 1994 Agreed Framework. That, in turn, will have been due to years of principled dissent and patient, bi-partisan coalition building by Ed Royce, the California Republican who chairs the House Foreign Affairs Committee. A certain,...

Categories Sanctions/U.S. Law/U.S. Politics/Washington Views
January 21, 2016

WaPo: Senate Foreign Relations hopes to mark up N. Korea sanctions bill next Thursday.

Via the Washington Post this morning, we’re still pretty much where I said we were last week, but at least we have an expected date for a committee markup. The Senate is still trying to work out a bipartisan compromise between Senator Bob Menendez’s (D, NJ) weaker S. 1747 and Cory Gardner’s (R, CO) tougher S. 2144, rather than voting on the House bill that passed last week “with huge bipartisan support.” While the House and Senate bills contain generally the same...

Categories Sanctions/U.S. Law
January 19, 2016

In The Weekly Standard: N. Korea sanctions worked before, and they can work again.

In lieu of an OFK post today, I’ll direct your attention to this legal analysis, in The Weekly Standard, of the wide range of sanctions President Obama has not imposed on North Korea, and why history tells us that financial sanctions can be an effective tool for modifying North Korea’s behavior, with or without the cooperation of the Chinese government. Also, in case you missed it, here’s the latest op-ed by Professor Lee and me, at CNN.com.

Categories Sanctions
January 14, 2016

North Korea, sanctions, and the argument to impotence

With support for the Obama Administration’s North Korea policy collapsing in Washington, the White House desperately needs a win at the U.N., by showing that it can get the Security Council to pass tougher sanctions and make sanctions work. Let’s review what we know about the substance of a potential resolution: Two administration officials said the United States was now drafting a proposed resolution for United Nations Security Council approval that would impose sanctions on North Korean trade and finance,...

Categories Sanctions
January 13, 2016

N. Korea sanctions bill passes the House 418-2, Senate seeks compromise bill

By now, you’ve probably read the news about last night’s lopsided vote. Interestingly, it was the Democrats, not the Republicans, who were unanimous in their support. The two dissenting votes were Justin Amash and Thomas Massie, both isolationist Republicans from the Ron Paul mold.  Dissent may be patriotic, but it’s never beyond some well-deserved ridicule. [Reminder: The views expressed on OFK are the author’s alone.] You have to hand it to Nancy Pelosi for running a tight ship. In the end,...

Categories Sanctions/U.S. Law
January 8, 2016

Dems & Republicans join forces to support North Korea sanctions legislation

When it comes to North Korea policy, Washington’s most influential lobbyist has never been to Washington. He’s in his early 30s, never finished high school, chain smokes, likes to ski, loves the NBA and , favors dark suits and mushroom haircuts, has an explosive temper and a small nuclear arsenal, and weighs as much as a village full of his malnourished subjects. Tuesday’s nuke test may have come just in time for Congress to act before dispersing for a long...

Categories Sanctions/Washington Views