North Korean tankers stay away from Russia, two months after OFAC sanctions
Tankers that normally visit China also go quiet, indicating possible supply issue
North Korea appears to be without Russian oil supplies, over two months on from a U.S. designation targeting the country’s Moscow-based supplier, analysis of the DPRK’s tanker positions shows.
DPRK traffic at a Vladivostok oil facility came to a halt shortly before the Department of Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the Moscow-based Independent Petroleum Company (IPC) on June 2.
The Vladivostok terminal is owned by Alliance Oil, an IPC subsidiary that also appeared on OFAC’s list of sanctioned entities.
“OFAC designated the Independent Petroleum Company (IPC
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