He United States Department of the Treasury launched a new package of sanctions on Thursday in order to dismantle the mutual financial agreement between Russia and North Korea.
During the war in Ukraine that began more than two years ago, North Korea has provided assistance to Russia with the manufacture of munitions and has recently formed a series of financial agreements where Russia has economically supported the Asian country.
For its part, the United States has decided to use all its possible resources to dismantle the financial network between the two countries to prevent the“international security” and the “world economy” are affected.
Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Bradley T. Smith has stressed that the United States is firmly committed to disrupting financial agreements between the two countries and has decided to launch sanctions against five banks and one individual.
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The affected banking entities include Russian Financial Corporation Bank (RFC), TSMRBank, Timer Bank, Stroytreyd, and TSMRBank Vice President Dmitry Yuryevich, the Treasury Department said.
According to the US department, the sanctions are aimed at networks that facilitate the financing of North Korean nuclear programs, which are considered illegal by the international community and atomic energy agencies.
.@USTreasury is committed to exposing and disrupting networks that facilitate the funding of the DPRK’s unlawful weapons of mass destruction (WMD) and ballistic missile programs and support Russia’s illegal war against Ukraine.
— Treasury Department (@USTreasury) September 19, 2024
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2024-09-23 23:44:53