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The US has imposed economic sanctions on North Koreans and Russians

The US has imposed economic sanctions on North Koreans and Russians

Status: 09/01/2023 03:14

The US Treasury Department has imposed sanctions on two individuals from Russia and North Korea and a Russian company. They reportedly worked on Pyongyang’s ballistic missile program.

The United States has imposed sanctions on two individuals and a Moscow-registered company in retaliation for North Korea’s failed launch of a spy satellite.

A North Korean and a Russian national who allegedly worked together on Pyongyang’s ballistic missile program were also affected by the operations. According to the US Treasury Department. Helped generate revenue for North Korean companies involved in developing weapons of mass destruction.

Fake identity documents

According to US reports, North Korean Jan Jin Yong, now under sanctions, led a group of IT workers from his homeland in Russia and obtained identification documents for them with the help of the Russians. Some of these documents came from relatives or employees of the Russian Sergei Khoslov, against whom criminal proceedings are now pending.

The US Treasury Department sanctioned Intellekt, a Moscow-registered company owned or controlled by Koslov. The company is linked to a construction project in the Russian capital coordinated by the North Korean zone.

Among other things, all assets located in the US or controlled by US persons will be frozen, the ministry said. Companies and individuals doing business with them are also allowed.

Many failed Satellite launches

The latest US sanctions were decided in consultation with the governments of South Korea and Japan. In the past few months, North Korea has twice failed to put a spy satellite into orbit. The competent authority announced the third attempt in October. UN Security Council resolutions ban North Korea from any launch using ballistic technologies.

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