U.S. Treasury sanctions Moscow bank accused of ties to North Korea | NK News
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September 21, 2026Sep 21, 2026

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U.S. Treasury sanctions Moscow bank accused of ties to North Korea

Russian Financial Society accused of setting up bank accounts for designated DPRK companies

The U.S. on Wednesday designated a Russian bank accused of assisting North Korea in evading sanctions, according to a statement from the Department of the Treasury.

The new measures, which target a bank called Russian Financial Society, are the first unilateral U.S. sanctions related to North Korea to be imposed since March, when President Donald Trump announced a rollback of new “large scale sanctions” against the DPRK.

Russian Financial Society stands accused of assisting the already-designated Dandong Zhongsheng Industry & Trade Co. Ltd, an entity controlled by the DPRK’s sanctioned Foreign Trade Bank (FTB), as well as other Pyongyang-linked entities, in evading