January 26, 2021

OFAC targets Chinese, Russian companies and individuals for N. Korea trade

The U.S. Treasury Department sanctions companies trading in coal, minerals, and oil

The U.S. Treasury Department on Tuesday issued new designations against entities and individuals in China, Russia, Singapore, and Namibia for supporting North Korea's weapons programs, mineral trade and use of overseas labor.

Treasury's Office of Foreign Assets Control (OFAC) targeted companies and individuals which bought coal and minerals from the DPRK, as well as others involved in the country's oil trade.