Hong Kong companies paid $45 million for oil delivered to North Korea: Report



News Hong Kong companies paid $45 million for oil delivered to North Korea: Report Evidence from UN Panel of Experts report ties payments to Taiwanese firm allegedly linked to major oil trader Ethan Jewell March 1, 2022 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON A gas station in Pyongyang on Sept. 8, 2017 \| Image: NK News An upcoming U.N. report shows that a Taiwanese firm with alleged ties to major regional oil trader Winson Group received over $45 million for refined petroleum bound for North Korea, pushing forward an ongoing investigation into how the country imports oil. The transfers, which took place between Sept. 2019 and Aug. 2020, are detailed in an annex of a U.N. Panel of Experts draft report on North Korea seen by NK News. A series of bank receipts shows that four Hong Kong-registered companies — Hong Kong Stu Group Company Ltd., Wanhr Trading Ltd., Yield Gold Ltd. and Zfullboto Co. Ltd. — wired $45 million to the Taiwanese firm Sino Global Trade Co. Ltd. during that time. An upcoming U.N. report shows that a Taiwanese firm with alleged ties to major regional oil trader Winson Group received over $45 million for refined petroleum bound for North Korea, pushing forward an ongoing investigation into how the country imports oil. The transfers, which took place between Sept. 2019 and Aug. 2020, are detailed in an annex of a U.N. Panel of Experts draft report on North Korea seen by NK News. A series of bank receipts shows that four Hong Kong-registered companies — Hong Kong Stu Group Company Ltd., Wanhr Trading Ltd., Yield Gold Ltd. and Zfullboto Co. Ltd. — wired $45 million to the Taiwanese firm Sino Global Trade Co. Ltd. during that time. Become a member for less than $5.75 per week. Unlimited access to all of NK News: reporting, investigations, analysis 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. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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Hong Kong companies paid $45 million for oil delivered to North Korea: Report

Evidence from UN Panel of Experts report ties payments to Taiwanese firm allegedly linked to major oil trader

Ethan Jewell March 1, 2022

Hong Kong companies paid $45 million for oil delivered to North Korea: Report

A gas station in Pyongyang on Sept. 8, 2017 | Image: NK News

An upcoming U.N. report shows that a Taiwanese firm with alleged ties to major regional oil trader Winson Group received over $45 million for refined petroleum bound for North Korea, pushing forward an ongoing investigation into how the country imports oil.

The transfers, which took place between Sept. 2019 and Aug. 2020, are detailed in an annex of a U.N. Panel of Experts draft report on North Korea seen by NK News. A series of bank receipts shows that four Hong Kong-registered companies — Hong Kong Stu Group Company Ltd., Wanhr Trading Ltd., Yield Gold Ltd. and Zfullboto Co. Ltd. — wired $45 million to the Taiwanese firm Sino Global Trade Co. Ltd. during that time.

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