US imposes sanctions on North Korea

Published August 24, 2002

WASHINGTON, Aug 23: The United States has imposed symbolic sanctions on a North Korean company and the North Korean government for exporting medium or long-range missile components, the government said on Friday.

A notice in the Federal Register said Changgwang Sinyong Corp had “engaged in missile technology proliferation activities that require the imposition of sanctions” under the arms export control act.

Officials declined to give details of the exports, but The New York Times said it sold Scud components to Yemen before US President George W. Bush came to office in January last year.

The sanctions came at a sensitive time in attempts to restore Washington’s dialogue with North Korea, which Bush calls part of an “axis of evil” because of its alleged support for “terrorist” groups and alleged programmes to develop weapons of mass destruction.

But the Bush administration played down the implications of the sanctions for the prospects for talks. “It doesn’t change our policy. The administration is open to talks with North Korea without preconditions,” an administration official said.

For two years starting Aug 16, the United States will not approve licences for exports by the company or to the company and the US government will not make contracts with the company for sensitive missile technology, the register said.

Similar sanctions apply to the North Korean government because North Korea is a non-market economy, it added.

Changgwang Sinyong Corp is the marketing arm for the government’s missile export program.

LARGELY SYMBOLIC: The sanctions are largely symbolic because the United States does not have dealings with the company and does not have any direct control over its export activities.

Exports to Yemen would qualify for sanctions because it is not a party to the Missile Technology Control Regime.

The specific citation applies to components and materials for missiles with a range greater than 300kms.—Reuters

Opinion

Editorial

A difficult story
12 Jun, 2026

A difficult story

WHILE launching the Economic Survey 2026, Finance Minister Muhammad Aurangzeb told a hopeful story of economic...
Politicised football
12 Jun, 2026

Politicised football

ALMOST three-and-half years since Lionel Messi led Argentina to FIFA World Cup glory, the latest edition of...
Rough waters
12 Jun, 2026

Rough waters

AMONGST the key potential triggers for fresh conflict in South Asia is water. The Indian state is behaving in an...
GB polls’ aftermath
Updated 11 Jun, 2026

GB polls’ aftermath

The new administration must address the region’s issues proactively.
Peace in retreat
11 Jun, 2026

Peace in retreat

THE ceasefire announced in April was supposed to create space for negotiations. Instead, it has been repeatedly...
A few good men
11 Jun, 2026

A few good men

IT was a brave move, no doubt. This Tuesday, in the land of the Afghan Taliban, a few good men decided to take a...