The U.N. transferred a million U.S. dollars to a North Korean bank account last month for the reported purpose of supporting humanitarian work inside the country, a U.N. document seen by NK News shows.
Outside groups have struggled to establish a direct banking channel to North Korea for years due to sanctions and other restrictions. Efforts to connect the DPRK’s Foreign Trade Bank (FTB) came to a screeching halt in 2021 as well.
The U.N. transferred a million U.S. dollars to a North Korean bank account last month for the reported purpose of supporting humanitarian work inside the country, a U.N. document seen by NK News shows.
Outside groups have struggled to establish a direct banking channel to North Korea for years due to sanctions and other restrictions. Efforts to connect the DPRK’s Foreign Trade Bank (FTB) came to a screeching halt in 2021 as well.
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