New US Sanctions Target Chinese, North Korean Companies

A truck returns over the Friendship Bridge, from the North Korean town of Sinuiju to the Chinese border city of Dandong, in China's northeast Liaoning province on Sept. 5, 2017. The Broken Bridge once connected Dandong and the North Korean town of Sinuiju, but was bombed by the US during the Korean war and now only reaches half way across the Yalu River. GREG BAKER/AFP/Getty Images

The U.S. Treasury Department has put in place sanctions against Chinese and North Korean companies after President Donald Trump announced North Korea would be redesignated a state sponsor of terrorism.

The Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned one individual, 13 entities, and 20 vessels on Nov. 21 in a bid to disrupt funding for North Korea’s nuclear and ballistic missile programs.