US imposes new sanctions on Chinese and Russian companies to cut off North Korea support

The US announced a set of secondary sanctions against 16 Chinese and Russian entities as part of its efforts to cut off trade with North Korea and starve the country’s military of the cash it needs to develop nuclear weapons. The move opened a new rift with China, which blasted the US for its “long-arm jurisdiction” and demanded that Washington “immediately correct its mistake”. The US government’s action also expanded the scope of sanctions to include oil…