US sanctions on North Korea have an effect on people and corporations in three international locations

by times news cr

2024-03-27T20:53:05+00:00

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/ On Wednesday, america of America imposed sanctions on six people and two entities in Russia, China, and the UAE, for transferring funds to North Korean weapons applications.

The US Treasury Division stated in a press release, reported by Reuters, that the motion was taken in coordination with South Korea, and the six people are: Yoo Bo Aung, Ri Tong Hyuk, Han Chol Man, On In Chun, Jung Seung Ho, and Jun Yeon Jun.

The 2 entities affected by the sanctions are the “Alice” firm, based mostly in Vladivostok, Russia, and the “Pioneer Bancount Star” actual property firm, based mostly within the Emirates.

The assertion stated that the 2 corporations are affiliated with Chenyong Info Expertise Company, an entity linked to the North Korean armed forces.

The Treasury Division stated that Chenyong, which was imposed with US sanctions in Could 2023, makes use of a community of corporations and representatives to handle delegations of North Korean IT specialists in Russia and Laos.

The announcement got here after america and South Korea this week launched a brand new process pressure aimed toward stopping North Korea from illegally buying oil after the impasse within the United Nations Safety Council forged doubt on the way forward for worldwide sanctions on Pyongyang.

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