Singapore has suspended all trade with North Korea, indefinitely!
Until Kim Jong Un decides to pull his head out of his rear and stop his nuclear missile programs, Singapore will no longer engage in trade. This is devastating to the North Korean economy, considering Singapore is their seventh largest trading partner!
According to CNBC, Singapore announced this week that it will sever all commercial trading ties with the communist nation following a recent push by the United States to crackdown on North Korea’s economy until Kim abandons his nuclear and missile programs.
North Korea’s custom’s office said, “Singapore will prohibit all commercially traded goods from, or to, the Democratic People’s Republic of Korea (DPRK).”
The announcement comes as the war-of-words between Kim Jong Un and President Trump escalated in recent days. Earlier this week, Kim’s regime announced that Trump had been “sentenced to death” after calling the despot “short and fat” on twitter.
Singapore is not the first one to cut ties though. The Philippines called it quits in September after the UN enforced still penalties on member states who continued to do business with Kim Jong Un.
The suspension would take effect from Nov. 8, Fauziah A. Sani, head of trade strategy and security for the director-general of customs, said in the notice.
Repeated breach of the new prohibitions is punishable by a fine of up to S$200,000 ($147,340.50) or four times the value of the goods traded, imprisonment of up to three years, or both, it added.
Singapore is North Korea’s seventh largest trading partner. The Philippines, Pyongyang’s fifth biggest trading partner, suspended trade with North Korea in September to comply with a U.N. resolution.
In other words, Kimmy can either clean up act and play by the rules or watch on as his country fades away.