News U.S. sanctions KPA unit, shipping companies, N. Koreans overseasNew designations include individuals abroad and OMM-affiliated shipping companies The U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) added six individuals, three shipping companies and the Strategic Rocket Force of the Korean People’s Army to its list of designations for the DPRK on Tuesday. The new sanctions list includes North Korean citizens operating in Vietnam, Syria and Russia as well as companies linked to the previously sanctioned Ocean Maritime Management (OMM). The sanctions are pursuant to Executive Orders 13382 and 13551, which are designed to counter WMD proliferators and their supporters, with 13551 specifically relating to North Korea. “North Korea © Korea Risk Group. All rights reserved. |