March 29, 2024
News

PyongSu Pharmaceutical seeking North Korea sanctions exemption

Joint venture requesting humanitarian exemption, says MD

The North Korea-based joint venture PyongSu Pharmaceutical will seek an exemption to current UN Security Council (UNSC) sanctions preventing the entity’s operation, Managing Director Remy Lardinois told NK News on Thursday.

UNSC Resolution 2375, adopted unanimously in September, prohibits the opening, maintenance, and operation of joint ventures or cooperative entities with North Korean entities or individuals. Member states have 120 days - until January 9 - to comply.

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