New sanctions against North Korea

The Trump administration announced today new sanctions targeting a Russian bank, two North Korean entities and one North Korean citizen for facilitating « illegal financial activity. »

The new sanctions (The official source is available there), announced by the Treasury Department, came as President Donald Trump continued to pursue negotiations with North Korean leader Kim Jong Un to denuclearize the Korean Peninsula, as well as seeking improved relations with Russia.

The Russian-registered bank AgrosoyuzCommercial Bank was already sanctioned for doing business with Han Jang-su, a North Korean who Treasury said was the « Moscow-based chief representative of Foreign Trade Bank, North Korea’s primary foreign exchange bank. » As of now his deputy, Ri Jong Won, is also sanctioned.

The two newly sanctioned North Korean entities, DandongZhongsheng Industry & Trade Co., Ltd. (Zhongsheng), and Korea Ungum Corporation, were both described in the Treasury announcement as front companies for FTB, the North Korean bank.

I invite you also to consider my latest publication: A statistical analysis of the North Korean overseas laborers in Poland during the period 2000-2017: Current Status and Prospects.

NK laborers


Catégories :AgrosoyuzCommercial Bank, Articles, DandongZhongsheng Industry & Trade Co., DPRK Foreign Trade Bank, Han Jang-su, Korea Ungum Corporation, sanctions against North KoreaÉtiquettes :

Nicolas Levi

Analyst on North Korean issues

Laisser une réponse

Entrez vos coordonnées ci-dessous ou cliquez sur une icône pour vous connecter:


Vous commentez à l'aide de votre compte Déconnexion /  Changer )

Photo Google

Vous commentez à l'aide de votre compte Google. Déconnexion /  Changer )

Image Twitter

Vous commentez à l'aide de votre compte Twitter. Déconnexion /  Changer )

Photo Facebook

Vous commentez à l'aide de votre compte Facebook. Déconnexion /  Changer )

Connexion à %s

Ce site utilise Akismet pour réduire les indésirables. En savoir plus sur la façon dont les données de vos commentaires sont traitées.