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U.S. sanctions 2 Russian firms over N.K. activity

All News 23:08 August 21, 2018

WASHINGTON, Aug. 21 (Yonhap) -- The United States on Tuesday sanctioned two Russian shipping companies for allegedly helping North Korea's illicit activities in violation of international sanctions.

The Department of the Treasury announced that the sanctions target persons involved in the banned ship-to-ship transfer of refined petroleum products to North Korea-flagged vessels.

"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 U.N. Security Council resolutions on North Korea and are sanctionable under U.S. law," Treasury Secretary Steven Mnuchin said in a statement, referring to North Korea by its official name, the Democratic People's Republic of Korea.

"Consequences for violating these sanctions will remain in place until we have achieved the final, fully verified denuclearization of North Korea," he said.

hague@yna.co.kr
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