WASHINGTON (ChatnewsTV) — The U.S. government on Thursday imposed sanctions on five entities and one individual for facilitating illicit financial transactions between Russia and North Korea, marking an escalation in efforts to disrupt the funding of North Korea’s weapons programs and Russia’s war in Ukraine.
“The growing financial cooperation between Russia and the Democratic People’s Republic of Korea (DPRK) directly threatens international security and the global financial system,” said State Department spokesperson Matthew Miller in a press statement. “Russia has become increasingly reliant on North Korea as it faces battlefield losses and increasing international isolation.”
The sanctions target entities involved in covert networks that support North Korea’s development of weapons of mass destruction and ballistic missile programs, as well as Russia’s illegal activities in Ukraine. The Department of Treasury’s actions were authorized under Executive Orders 13722 and 14024, designed to counter terrorism and foreign interference.
“These sanctions expose and disrupt illicit financial networks that allow rogue states like the DPRK to gain access to the international banking system, in violation of U.N. Security Council Resolutions,” Miller added.
The United States, according to the statement, remains committed to using all available tools to curtail Russia’s use of these networks and to enforce the sanctions aimed at isolating North Korea’s financial operations globally.
