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US sanctions on North Korea target individuals and China, Russia, UAE-based firms

In World
March 28, 2024
The entities to be hit with sanctions were Alis LLC, based in Vladivostok, Russia, and UAE-based Pioneer Bencont Star Real Estate.

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The statement said both firms were subordinate to Chinyong Information Technology Cooperation Corporation, an entity associated with North Korea’s armed forces.

The Treasury Department said Chinyong, which was placed under US sanctions in May 2023, uses a network of companies and representatives to manage delegations of North Korean IT workers operating in Russia and Laos.
The announcement came after the United States and South Korea this week launched a new task force aimed at preventing North Korea from procuring illicit oil, as a deadlock at the United Nations Security Council casts doubts over the future of international sanctions on Pyongyang.
Years of US-led international sanctions have failed to halt North Korea’s nuclear weapons and missile programmes, and many North Korea watchers and sanctions experts consider the United Nations regime moribund, if not already dead.

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