The Trump administration on Friday sanctioned a Russian bank, one North Korean citizen, and Pyongyang-linked entities for “illicit financial activity.”
The Treasury Department in a statement said that Russia’s Agrosoyuz Commercial Bank knowingly facilitated transactions for Han Jang Su, the chief representative in Moscow for North Korea’s Foreign Trade Bank.
The U.S. also sanctioned Dandong Zhongsheng Industry & Trade Co., Ltd. and Korea Ungum Corporation, which the administration said were “front companies” for the North Korean FTB.
“The United States will continue to enforce U.N. and U.S. sanctions and shut down illicit revenue streams to North Korea,” Treasury Secretary Steven Mnuchin said in a statement. “Our sanctions will remain in place until we have achieved the final, fully-verified denuclearization of North Korea.”
The announcement comes as the White House continues denuclearization talks with Pyongyang. President Trump on thanked North Korean dictator Kim Jong Un for returning remains of U.S. soldiers that died in the Korean War.
