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U.S. Treasury of State expands sanctions list against those cooperating with North Korea

Two Russian citizens, six Russian cargo vessels, three Russian companies and one Slovakian company
20:08, 21 August 2018

Open source

The U.S. Treasury has extended the sancxtions list, thus punishing those having ties with North Korea. The authority's press service reported that.

The individuals and entities were added to the list because of their actions in the cyber space, and their ties to North Korea.

'OFAC (U.S. Department of the Treasury’s Office of Foreign Assets Control, - 112 International) designated Vladivostok, Russia-based shipping companies Primorye Maritime Logistics Co Ltd (Primorye) and Gudzon Shipping Co LLC (Gudzon), the registered ship owners and managers of Russia-flagged merchant vessel (M/V) PATRIOT (IMO 9003550).  In early 2018, the PATRIOT conducted two ship-to-ship transfers of oil for the benefit of North Korea, including 1,500 tons of oil to the North Korea-flagged M/V CHONG RIM 2 (IMO 8916293) and 2,000 tons of oil to the North Korea-flagged M/V CHON MA SAN (IMO 8660313).  The ultimate buyer was UN- and U.S.-designated Taesong Bank, a North Korean entity subordinate to the UN- and U.S.-designated Workers’ Party of Korea Office 39, which engages in illicit economic activities for North Korean leadership. The CHONG RIM 2 was listed by the UN and the United States in March 2016. The CHON MA SAN was blocked by the United States in February 2018, and subsequently it was listed by the UN in March 2018 for its involvement in a UN-prohibited ship-to-ship transfer in mid-November 2017'. 

The U.S. Treasury added that the imposed sanctions are aimed against loading oil refinery products from one vessel to another.

'Ship-to-ship transfers with North Korea-flagged vessels from Russia or elsewhere of any goods being supplied, sold, or transferred to or from the DPRK are prohibited under the UN Security Council resolutions on North Korea and are sanctionable under U.S. law. Consequences for violating these sanctions will remain in place until we have achieved the final, fully verified denuclearization of North Korea', Treasury Secretary Steve Mnuchin said.

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