Belgian firm receives OK to send $700K to North Korea for food security project



News Belgian firm receives OK to send $700K to North Korea for food security project UN grants sanctions exemption to move funds for EU initiative, though transfer dependent on DPRK opening borders Ifang Bremer November 22, 2024 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON A EU car in Pyongyang with the Ryugyong Hotel in the background \| Image: Eric Lafforgue (May 2010) A Belgian firm has received a new sanctions exemption to transfer over $700,000 to North Korea to support a project to improve food security, U.N. records show. The U.N. Security Council’s 1718 Sanctions Committee has granted Agriconsulting Europe SA (AESA) an exemption until Nov. 8, 2025 to transfer 685,015 euros ($717,000) to the DPRK. AESA, which operates an office in Rome, submitted the exemption request through the permanent mission of Italy to the U.N. The EU previously awarded a tender to ASEA back in 2019 to support a food security project by the EU’s Food Security Office (FSO), but the © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update & Podcast Updates Start your day with the North Korea stories that matter most – as selected by Trending

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Belgian firm receives OK to send $700K to North Korea for food security project

UN grants sanctions exemption to move funds for EU initiative, though transfer dependent on DPRK opening borders

Ifang Bremer November 22, 2024

Belgian firm receives OK to send $700K to North Korea for food security project

A EU car in Pyongyang with the Ryugyong Hotel in the background | Image: Eric Lafforgue (May 2010)

A Belgian firm has received a new sanctions exemption to transfer over $700,000 to North Korea to support a project to improve food security, U.N. records show.

The U.N. Security Council’s 1718 Sanctions Committee has granted Agriconsulting Europe SA (AESA) an exemption until Nov. 8, 2025 to transfer 685,015 euros ($717,000) to the DPRK.

AESA, which operates an office in Rome, submitted the exemption request through the permanent mission of Italy to the U.N.

The EU previously awarded a tender to ASEA back in 2019 to support a food security project by the EU’s Food Security Office (FSO), but the

Belgian firm receives OK to send $700K to North Korea for food security project

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