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Leo Byrne
Leo Byrne was the Data and Analytic Director at NK News. Follow him on twitter.
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News OFAC targets Chinese, Russian companies and individuals for N. Korea tradeThe U.S. Treasury Department sanctions companies trading in coal, minerals, and oil
The U.S. Treasury Department on Tuesday issued new designations against entities and individuals in China, Russia, Singapore, and Namibia for supporting North Korea’s weapons programs, mineral trade and use of overseas labor. Treasury’s Office of Foreign Assets Control (OFAC) targeted companies and individuals which bought coal and minerals from the DPRK, as well as others involved in the country’s oil trade. Other sanctions were also aimed at North Korean companies and their representatives for continued use of overseas labor in Namibia. “It is unacceptable for individuals and companies in China, Russia, and elsewhere to enable North Korea to generate income © Korea Risk Group. All rights reserved. |