Blacklisted North Korean oil firm defrauded of $366K in gasoline deal in Russia | NK News
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September 25, 2026Sep 25, 2026

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Blacklisted North Korean oil firm defrauded of $366K in gasoline deal in Russia

Russian court finds businessman guilty of pocketing money for a fuel shipment he failed to arrange

Editor’s note: This article is part of an ongoing NK News series exploring Russia-DPRK relations based on court documents.

A U.N.-sanctioned North Korean oil company spent nearly a decade chasing a Russian businessman who received payment for a gasoline shipment he never delivered, in a case that ultimately landed him a four-year prison sentence and a multimillion-ruble bill for damages. 

A DPRK firm identified as First Oil Joint Venturewon a 30.3 million rubles ($366,000) damages claim against Russian national Stanislav Netz, who was convicted of pocketing the money for a large gasoline shipment he failed to deliver, according a