New US Sanctions Target Military Cooperation Between Moscow and Pyongyang

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

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