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Leo Byrne
Leo Byrne was the Data and Analytic Director at NK News. Follow him on twitter.
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News OFAC sanctions Russian bank for North Korea sanctions violationsForeign 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 © Korea Risk Group. All rights reserved. |