OFAC sanctions Russian bank for North Korea sanctions violations | NK News
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October 19, 2026Oct 19, 2026

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OFAC sanctions Russian bank for North Korea sanctions violations

Foreign Trade Bank front companies and Moscow-based representative also designated

The U.S. Department of the Treasury on Friday added two foreign entities, a DPRK company and a North Korean individual to its list of Specially Designated Nationals (SDN) and Blocked Persons.

Among the Office of Foreign Assets Control’s (OFAC) new designations were a small Russian bank, two front companies for the North’s sanctioned Foreign Trade Bank (FTB) and a Russia-based DPRK citizen.

The new, unilateral sanctions come even as evidence mounts that the Washington-led “maximum pressure” campaign is waning, with numerous instances of recent sanctions evasion coming to light.

“The United States will continue to enforce UN and U.S. sanctions