News Russia, South Korea allow vessel owned by UN sanctioned company into portUN resolutions should prohibit assets of designated companies from using foreign ports Both South Korea and Russia allowed a vessel owned by a sanctioned company into their ports this week, despite UN resolutions which are supposed to block assets of designated companies from entering non-North Korean ports. While the vessel itself is not designated by the UN, its owner Chang An Ship Management was sanctioned in March this year as another of its vessels smuggled coal on behalf of the DPRK. “(Chang An Ship Management is the) registered owner, ship manager, and commercial manager of Panama-flagged vessel Hua Fu, a cargo ship that loaded DPRK coal at © Korea Risk Group. All rights reserved. |