US Sanctions Russian Firm for Helping N. Korea Evade Sanctions

Posted on June 19, 2019 3:34 pm

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The United States has slapped sanctions on a Russian financial entity for helping North Korea evade international sanctions.

The Treasury Department on Wednesday targeted the Russian Financial Society and blocked all its assets in the United States. U.S. citizens are also barred from doing business with the firm.

“Treasury continues to enforce existing U.S. and U.N. sanctions against individuals and entities in Russia and elsewhere who facilitate illicit trade with North Korea,” Treasury Undersecretary Sigal Mandelker said.

Treasury officials accused the Russian Financial Society of opening bank accounts for a North Korean company owned by the North Korean Foreign Trade Bank, and also