New US Sanctions Target Military Cooperation Between Moscow and Pyongyang
North Korean Banking Sector Targeting Appears Aimed at Undermining Pyongyang's Ability to Finance Military Support for Russian Operations in Ukraine
December 16, 2024, 9:51 pm

New US Sanctions Target Military Cooperation Between Moscow and Pyongyang

اتفاقية شراكة استراتيجية بين روسيا وكوريا الشمالية

United States imposed new sanctions package on North Korea and Russia targeting Pyongyang's financial activities and military support for Moscow, US Treasury Department noted Monday.

Punitive measures, representing latest US move disrupting North Korean support for Russian military operations in Ukraine, include banking institutions, military officers, North Korean officials, plus Russian oil shipping companies.

Sanctions, per US Treasury statement, target North Korean Golden Triangle Bank and Korea Mandal Credit Bank, alongside Pyongyang generals part of thousands of soldiers deployed in Russia supporting war effort in Ukraine.

Sanctions coincided with United States, European Union, and 9 other countries issuing joint statement earlier today, condemning growing military cooperation between North Korea and Russia.

Signatory countries, including Australia, Canada, France, Germany, Italy, Japan, South Korea, New Zealand, and Britain stated: "We'll continue working coordinately, including imposing economic sanctions, responding to threat posed by North Korea-Russia partnership."

Moscow avoids confirming or denying North Korean forces' participation in military operations, while Pyongyang initially denied forces deployment reports calling them "fake news," before North Korean official declared such deployment legally compatible.

Levant-Agencies

Syrian Ports.. Russian Wheat Supply Suspension Opens Door for Ukrainian Food Offers 26 Tons of Gold in Syrian Central Bank Vaults Await New Fate

BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”