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| US to impose 'largest ever' N Korea sanctions | US to impose 'largest ever' N Korea sanctions |
| (about 3 hours later) | |
| The United States is imposing a fresh set of sanctions on North Korea - the "largest ever", President Trump says. | |
| The measures target more than 50 ships and maritime transport companies in North Korea, but also China and Taiwan. | The measures target more than 50 ships and maritime transport companies in North Korea, but also China and Taiwan. |
| North Korea is already under a range of international and US sanctions over its nuclear programme and missile tests. | North Korea is already under a range of international and US sanctions over its nuclear programme and missile tests. |
| But it continued tests last year, including tests of a nuclear weapon and a long-range ballistic missile capable of reaching the US. | But it continued tests last year, including tests of a nuclear weapon and a long-range ballistic missile capable of reaching the US. |
| The US says the new sanctions are designed to put a further squeeze on North Korea, cutting off sources of revenue and fuel for its nuclear programme and clamping down on evasion of already existing restrictions. | The US says the new sanctions are designed to put a further squeeze on North Korea, cutting off sources of revenue and fuel for its nuclear programme and clamping down on evasion of already existing restrictions. |
| The US treasury department lists one individual and 27 companies. | The US treasury department lists one individual and 27 companies. |
| Sixteen, mainly shipping companies, are based in North Korea, but five are registered in Hong Kong, two on the Chinese mainland, two in Taiwan, one in Panama and one in Singapore. | Sixteen, mainly shipping companies, are based in North Korea, but five are registered in Hong Kong, two on the Chinese mainland, two in Taiwan, one in Panama and one in Singapore. |
| Twenty-eight ships are on the list, again mostly North Korean, but two are Panama-flagged, one from the Comoros and one Tanzania-flagged. | Twenty-eight ships are on the list, again mostly North Korean, but two are Panama-flagged, one from the Comoros and one Tanzania-flagged. |
| Speaking at a new conference on Friday, President Trump warned of serious consequences if the latest round of sanctions did not generate results. | |
| "If the sanctions don't work we'll have to go phase two - and phase two may be a very rough thing, may be very, very unfortunate for the world," he said. | |
| "It really is a rogue nation. If we can make a deal it'll be a great thing and if we can't, something will have to happen." | |
| He did not specify what "phase two" would entail. | |
| The US has been building sanctions against the regime since 2008 and the latest restrictions could come on top of sanctions announced in November - directed at North Korean shipping operations, as well as Chinese companies trading with Pyongyang. | The US has been building sanctions against the regime since 2008 and the latest restrictions could come on top of sanctions announced in November - directed at North Korean shipping operations, as well as Chinese companies trading with Pyongyang. |
| The United Nations followed that up in December with a raft of sanctions, backed by all 15 members of the Security Council, which included measures to cut North Korea's petrol imports by up to 90%. | The United Nations followed that up in December with a raft of sanctions, backed by all 15 members of the Security Council, which included measures to cut North Korea's petrol imports by up to 90%. |
| 'Charm offensive' | 'Charm offensive' |
| The Trump administration's announcement comes as North Korea conducts what is being seen by Western powers as a charm offensive at the Winter Olympics in South Korea. | The Trump administration's announcement comes as North Korea conducts what is being seen by Western powers as a charm offensive at the Winter Olympics in South Korea. |
| US leaders have been keen to stress that North Korea still poses a nuclear threat despite warming ties with the South. | US leaders have been keen to stress that North Korea still poses a nuclear threat despite warming ties with the South. |
| The president's daughter Ivanka is in South Korea to attend the closing ceremony of the Games and Vice-President Mike Pence was there for the opening. | |
| However, no meetings have taken place with senior North Korean officials attending, including Kim Yo-jong, sister of the North Korean leader Kim Jong-un. | However, no meetings have taken place with senior North Korean officials attending, including Kim Yo-jong, sister of the North Korean leader Kim Jong-un. |
| Sanctions have done nothing to deter North Korea in its development of missiles and nuclear technology. | Sanctions have done nothing to deter North Korea in its development of missiles and nuclear technology. |
| Last year saw the first test of a long-range missile thought capable of reaching Washington, but it is still not clear if North Korea has mastered the technology needed to miniaturise a nuclear device for a warhead. | Last year saw the first test of a long-range missile thought capable of reaching Washington, but it is still not clear if North Korea has mastered the technology needed to miniaturise a nuclear device for a warhead. |
| Also on Friday, Treasury Secretary Steve Mnuchin said Mr Trump's administration is working on new sanctions against Russia over alleged meddling in the 2016 presidential election and other activities. | |
| "I can assure you that is in the process. I will be back here within the next several weeks to talk about that," he said. | |
| North Korea's response to sanctions | North Korea's response to sanctions |