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US sanctions on North Korea target individuals and China, Russia, UAE-based firms
- US Treasury Department accused entities of channelling funds to North Korea’s weapons programmes. It said action was coordinated with South Korea
- Firms to be hit with sanctions were Alis LLC, based in Vladivostok, Russia and UAE -based Pioneer Bencont Star Real Estate
The United States on Wednesday announced sanctions on six individuals and two entities based in Russia, China and the United Arab Emirates, accusing them of channelling funds to North Korea’s weapons programmes.
A US Treasury Department statement said the action was taken in coordination with South Korea.
It named the six individuals as Yu Pu Ung, Ri Tong Hyok, Han Chol Man, O In Chun, Jong Song Ho and Jon Yon Gun.
The entities to be hit with sanctions were Alis LLC, based in Vladivostok, Russia, and UAE-based Pioneer Bencont Star Real Estate.
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The statement said both firms were subordinate to Chinyong Information Technology Cooperation Corporation, an entity associated with North Korea’s armed forces.
The Treasury Department said Chinyong, which was placed under US sanctions in May 2023, uses a network of companies and representatives to manage delegations of North Korean IT workers operating in Russia and Laos.
The announcement came after the United States and South Korea this week launched a new task force aimed at preventing North Korea from procuring illicit oil, as a deadlock at the United Nations Security Council casts doubts over the future of international sanctions on Pyongyang.
Years of US-led international sanctions have failed to halt North Korea’s nuclear weapons and missile programmes, and many North Korea watchers and sanctions experts consider the United Nations regime moribund, if not already dead.
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