ISLAMABAD (TDI): The United States (US) announced new sanctions on a network of five groups and one person for facilitating financial transactions between Russia and North Korea.
This move aims to support Moscow’s war in Ukraine and North Korea’s weapons development programs, said Treasury Department.
US Sanctions Financial Network
In a statement, the Treasury emphasized the importance of holding accountable those who assist in evading sanctions imposed on the Democratic People’s Republic of North Korea (DPRK).
The sanctions aim to disrupt funding for North Korea’s unlawful weapons of mass destruction and ballistic missile initiatives while countering support for Russia’s ongoing conflict in Ukraine.
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State Department spokesman Matthew Miller expressed concern over the growing financial cooperation between the two nations, stating that it threatens international security and the global financial system.
He noted that Russia has increasingly relied on North Korea amid mounting battlefield losses and heightened international isolation.
The sanctions expose the methods used by Russian President Vladimir Putin’s administration to enable North Korea’s access to the international banking system, which violates United Nations Security Council sanctions.
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This announcement follows a recent meeting between North Korean leader Kim Jong Un and Russian security official Sergei Shoigu, where they discussed strengthening strategic ties.
