2024-05-24 20:28:51
Lim Younger-hyuk, Han Hyuk-cheol, Kim Jeong-gil, Jang Ho-young, Lee Gyeong-sik, Lee Yong-min, Park Gwang-hyuk
Concerned in transporting army provides to Russia, importing refined oil, and incomes international forex via IT
Authorities “shut cooperation with pleasant nations… tighter sanctions community towards North Korea”
The federal government imposed impartial sanctions on seven North Koreans and two Russian ships concerned in procuring supplies and funds for North Korea’s nuclear and missile growth.
On the twenty fourth, the Ministry of Overseas Affairs, Ministry of Technique and Finance, Monetary Companies Fee, and Ministry of Oceans and Fisheries introduced a plan to designate impartial sanctions towards North Korea.
The targets of those sanctions embrace seven North Koreans and two Russian ships.
The people topic to sanctions embrace ▲ Lim Younger-hyuk (Lim Yong-hyuk), head of North Korea’s Korea Mining Growth and Commerce Firm (KOMID), ▲ Han Hyuk-cheol, head of Taeryong Buying and selling in Vladivostok, ▲ Kim Jeong-gil, Jang Ho-young, Ri Kyung-sik, Ri Yong-min, Park Gwang-hyeok, head of North Korea’s Myeong-an Firm in Vladivostok, and many others. am.
Russian ships embrace MAIA-1 and MARIA.
Lim Younger-hyuk was concerned in arms commerce between Russia and North Korea. Chosun Mining Growth and Buying and selling Firm is a North Korean state-owned arms firm designated as a goal of UN Safety Council sanctions towards North Korea on April 24, 2009, and has been dealing with ballistic missiles and standard weapons.
In its annual report revealed on March 7, the Safety Council’s Skilled Panel on North Korea Sanctions acknowledged that it had acquired data that Lim Yong-hyuk had negotiated with Russians belonging to the Wagner Group to facilitate arms transfers between Russia and North Korea from 2022 to October 2023. There’s a bar.
Han Hyuk-cheol was concerned within the import of Russian diesel oil into North Korea on behalf of Seungri Mountain Commerce, which was designated by the Korean authorities as a goal of impartial sanctions towards North Korea on October 14, 2022.
Oil is a vital useful resource for North Korea’s nuclear and missile growth, and the worldwide group restricted the quantity of oil imported into North Korea to 4 million barrels of crude oil and 500,000 barrels of refined oil per 12 months via UN Safety Council Decision 2397 in 2017, however the Safety Council Skilled Panel Based on the annual report, data has been obtained that North Korea is believed to have imported greater than 1.5 million barrels of refined oil, thrice the annual restrict, between January and September of final 12 months, and North Korea has continued to evade sanctions by using unlawful transshipment networks.
Kim Jeong-gil, Jang Ho-young, Lee Gyeong-sik, Ri Yong-min, and Park Kwang-hyuk belong to the Myeong-an Firm, an affiliate of North Korea’s Ministry of Navy Trade. They stayed illegally in Vladivostok, Russia, and raised funds for nuclear and missile growth of the Ministry of Protection via IT international forex incomes actions.
Two Russian ships transported army provides between Russia and North Korea, carrying numerous containers.
Navy cooperation, together with the Russian-North Korean arms commerce, is a violation of UN Safety Council resolutions and a critical risk to peace and stability not solely on the Korean Peninsula however all over the world, and the federal government, together with the worldwide group, has constantly urged an finish to army cooperation between Russia and North Korea.
The topics of those sanctions are the ‘Overseas Change Transactions Act’ and the ‘Act on the Prohibition of Financing for the Goal of Intimidation of the Public and the Proliferation of Weapons of Mass Destruction’. To ensure that Korean residents to conduct international change or monetary transactions with sanctions targets, the Governor of the Financial institution of Korea or Prior permission from the Monetary Companies Fee is required. Transactions with out permission could also be punished based on related legal guidelines.
Within the case of ships, they’ll solely enter the port after acquiring a home port entry allow in accordance with the ‘Ship Arrival and Departure Act’.
The Ministry of Overseas Affairs stated, “This measure by our authorities was taken in shut cooperation with pleasant nations, and is predicted to contribute to additional tightening the worldwide group’s sanctions community.”
An official from the Ministry of Unification stated, “These sanctions are a measure to emphasise our dedication to reply to unlawful cooperative actions similar to Russian-North Korean arms commerce in shut cooperation with pleasant nations,” and added, “We are going to proceed to cooperate with the worldwide group to construct a tighter sanctions community towards North Korea sooner or later.”
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2024-05-24 20:28:51