Treasury imposes new North Korea sanctions targeting maritime sector | NK News
NK News Logo
December 27, 2024

NK News is hiring

News

Treasury imposes new North Korea sanctions targeting maritime sector

Designations aimed at entities, individuals and vessels involved in prohibited trade

The U.S. Department of the Treasury imposed new North Korea related designations targeting one individual, 27 entities, and 28 ships, the Office of Foreign Assets Control (OFAC) announced on Friday.

The designations focus heavily on the maritime sector and cover 16 North Korean entities, five from Hong Kong, two from Taiwan, two from China as well as one from Singapore, and Panama. Of the 28 vessels, 16 are North Korean with the remaining vessels originating from overseas.

Try unlimited access
Only $1 for four weeks

  • Unlimited access to all of NK News: reporting, investigations, analysis
  • Year-one discount if you continue past $1 trial period
  • The NK News Daily Update, an email newsletter to keep you in the loop
  • Searchable archive of all content, photo galleries, special columns
  • Contact NK News reporters with tips or requests for reporting
Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts.
Subscribe now

All major cards accepted. No commitments – you can cancel any time.