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U.S. sanctions companies in China, Singapore, Russia for illicit trade with DPRK

NHK reported that the Department of the Treasury announced on Wednesday that it has added three companies based in China, Singapore, and Russia to its list of entities subject to sanctions for their involvement in illicit shipments to North Korea in violation of UN Security Council resolutions. According to the announcement, the firms based in China and Singapore have illicitly exported alcohol and cigarettes to the DPRK, while the Russian company has provided port services for North Korean vessels carrying refined oil products at least six times. The network quoted Treasury Secretary Mnuchin as saying in a statement that the department will continue to designate companies and vessels that facilitate illicit shipments and provide revenue streams to the DPRK.

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