Russian companies that illegally delivered thousands of tons of oil and gas to North Korea are subject to restrictions.
The United States has announced new sanctions against several Chinese and North Korean banking institutions, Russian oil companies and North Korean officials who allow Pyongyang to receive illegal income through -avoid restrictions. This was announced by the US Treasury Department’s Office of Foreign Assets Control (OFAC) on Monday, December 16.
“Today, OFAC imposed sanctions against nine individuals and seven organizations that have provided financial and military support to the DPRK,” the statement said.
In addition, the US State Department also imposed restrictions on three entities associated with the DPRK’s ballistic missile program.
North Korean banks GTB, KMCB, branches of Chinese banks Choe and Kim were added to the sanctions list. In addition, restrictions were introduced against the heads of intelligence and propaganda bureaus, military commanders and a physics professor at a DPRK university.
Russian companies Vostok Trading LLC, DV Ink LLC, Novosibirskoblgaz LLC, Sibregiongaz and Okryu Trading Company are also subject to restrictions. They illegally transported thousands of tons of oil and gas to North Korea.
In the past, the United States has imposed sanctions on financial transactions between Russia and the DPRK. Russian banks, including MRB Bank in South Ossetia, set up correspondent accounts for North Korean institutions, including for the transfer of millions of dollars in cash.
Source: korrespondent
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