Against the steady tempo of North Korean missile launches, the United States Office of Foreign Assets Control (OFAC), an agency of the U.S. Department of the Treasury, took further action against North Korea on June 1. The most recent set of sanctions fall under the provisions of Executive Orders 13382, 13687 and 13722.
Two North Korean banking officials based in Moscow had been previously named under the provisions of Executive Order 13722. This time, however, OFAC's sanctions have targeted North Korea's Russian partners directly, laying sanctions against Russian company Ardis-Bearings LLC for its ties to the North Korean company Tangun. The Treasury also sanctioned Ardis-Bearings' director, Igor Michurin.
Against the steady tempo of North Korean missile launches, the United States Office of Foreign Assets Control (OFAC), an agency of the U.S. Department of the Treasury, took further action against North Korea on June 1. The most recent set of sanctions fall under the provisions of Executive Orders 13382, 13687 and 13722.
Two North Korean banking officials based in Moscow had been previously named under the provisions of Executive Order 13722. This time, however, OFAC's sanctions have targeted North Korea's Russian partners directly, laying sanctions against Russian company Ardis-Bearings LLC for its ties to the North Korean company Tangun. The Treasury also sanctioned Ardis-Bearings' director, Igor Michurin.
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