Monday, August 18, 2014
Japan freezes assets of N. Korean ship operator
On Friday, Japan’s Foreign Ministry said it froze the assets of a North Korean ship operator seized for smuggling weapons, as Tokyo negotiates with Pyongyang to return Japanese citizens kidnapped by North Korean agents decades ago.
The sanction against Ocean Maritime Management, which operated the ship that was detained near the Panama Canal a year ago because it was hauling Soviet-era arms, echoes similar measures taken by the U.S. and U.N. blacklisting of the North Korean company in July.
In May, North Korea said it would reinvestigate the fate of Japanese citizens abducted by the state in the 1970s and 1980s. In return, last month Japan eased sanctions on North Korea, lifting travel restraints and allowing North Korean ships to call at Japanese ports for humanitarian purposes.
For more of the Yahoo News story: news.yahoo.com
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