US issues new sanctions in latest crackdown on North Korean fuel imports



News US issues new sanctions in latest crackdown on North Korean fuel imports Designation of two individuals and three companies accused of smuggling oil follows series of recent DPRK missile tests Ethan Jewell October 8, 2022 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON A statue of Alexander Hamilton outside the Treasury Building on Feb. 28, 2004 \| Image: Karen Nutini (CC BY-SA 3.0) The U.S. has sanctioned two individuals and three companies linked to them for helping smuggle oil into North Korea, the Treasury Department said Friday, marking Washington’s latest effort to throttle the flow of fuel into the country. According to a Treasury press release, Singapore-based Kwek Kee Seng and Taiwan-based Chen Shih Huan brokered several shipments of refined oil for the DPRK between 2019 and 2021, which the Treasury says “directly supports” North Korea’s military. The U.S. has sanctioned two individuals and three companies linked to them for helping smuggle oil into North Korea, the Treasury Department said Friday, marking Washington’s latest effort to throttle the flow of fuel into the country. According to a Treasury press release, Singapore-based Kwek Kee Seng and Taiwan-based Chen Shih Huan brokered several shipments of refined oil for the DPRK between 2019 and 2021, which the Treasury says “directly supports” North Korea’s military. 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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US issues new sanctions in latest crackdown on North Korean fuel imports

Designation of two individuals and three companies accused of smuggling oil follows series of recent DPRK missile tests

Ethan Jewell October 8, 2022

US issues new sanctions in latest crackdown on North Korean fuel imports

A statue of Alexander Hamilton outside the Treasury Building on Feb. 28, 2004 | Image: Karen Nutini (CC BY-SA 3.0)

The U.S. has sanctioned two individuals and three companies linked to them for helping smuggle oil into North Korea, the Treasury Department said Friday, marking Washington’s latest effort to throttle the flow of fuel into the country.

According to a Treasury press release, Singapore-based Kwek Kee Seng and Taiwan-based Chen Shih Huan brokered several shipments of refined oil for the DPRK between 2019 and 2021, which the Treasury says “directly supports” North Korea’s military.

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