April 27, 2024
News

US, ROK sanction Russia and China-based targets funding North Korean nukes

Joint measures aim to curtail DPRK’s efforts to obtain foreign currency via overseas IT workers and blacklisted banks

The U.S. and South Korea have imposed coordinated sanctions on individuals and entities linked to money laundering in support of North Korea’s nuclear and missile development, the allies announced Wednesday.

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned six individuals and two entities based in Russia, China and the United Arab Emirates (UAE), according to a press release

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