Update (March 12 KST): On Friday (U.S. time), the U.S. Department of the Treasure officially announced the new sanctions as previously reported by NK News.

The U.S. Office of Foreign Assets Control (OFAC) will sanction on Friday two Russian individuals and three companies in response to North Korea’s recent tests of intercontinental ballistic missile (ICBM) systems, an informed source told NK News.

The sanctions will come in the form of designations from OFAC, an arm of the Treasury Department that enforces economic and trade sanctions. A senior U.S. administration previously said