April 24, 2024
News

U.S. sanctions North Korean-controlled IT companies in Russia and China

China-based entity linked to North Korean WMD, defense industry: OFAC

The U.S. Department of the Treasury has unveiled new designations against a North Korean national and two entities based in Russia and China that it says are controlled by the DPRK, the Office of Foreign Assets Control (OFAC) announced on Thursday.

Russia-based Volasys Silver Star and its China-based sister company Yanbian Silverstar Network Technology Co., Ltd are IT companies designated for their involvement in the export of DPRK labor and for operating in the North Korean IT industry.

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