The U.S. and South Korea impose new sanctions on North Korea and Russia over military cooperation, targeting Pyongyang's ballistic missile program, oil trade, and troop deployment to support Russia's war in Ukraine.
The United States hit North Korea and Russia on Monday with new sanctions targeting Pyongyang's financial and military support to Moscow as well as its ballistic missile program.
The sanctions, which list North Korean banks, generals and other officials, as well as Russian oil shipping companies, are the latest U.S. measure aimed at disrupting North Korea's support to Russia's war in Ukraine.
The North Korean banks targeted include Golden Triangle Bank, one of the biggest banks in the northeastern Rason Special Economic Zone, and Pyongyang-based Korea Mandal Credit Bank, which has representatives throughout China, the Treasury Department said in a statement.
South Korea's foreign ministry separately said on Tuesday that it has blacklisted 11 individuals and 15 entities linked to illicit military cooperation between North Korea and Russia.
The responses came as 10 countries, including the U.S., South Korea, Australia, Britain, France and Japan, as well as the European Union, issued a joint statement on Tuesday condemning Pyongyang and Moscow's military ties "in the strongest possible terms".
The statement said North Korea's support for Russia's war against Ukraine was a "dangerous expansion of the conflict" and a "flagrant violation" of United Nations' sanctions. It urged the country to withdraw its troops from Russia.
Pyongyang and Moscow have ramped up diplomatic and economic ties in recent years, culminating in Russian President Vladimir Putin's visit to North Korea in June when the countries' leaders agreed a mutual defense pact.
Military cooperation between the two countries has been met by international alarm, with Washington, Kyiv and Seoul condemning North Korea for sending military equipment and more than 10,000 troops to support Russia's full-scale invasion of Ukraine, which began in February 2022.
North Korea's actions, including its most recent test of a long-range ballistic missile and its deepening military support to Russia, undermine the stability of the region and sustain Putin's war in Ukraine, said Bradley Smith, acting Under Secretary of the U.S. Treasury for terrorism and financial intelligence.
"The United States remains committed to disrupting the illicit procurement and facilitation networks that enable these destabilizing activities," he said.
The officials sanctioned by both Washington and Seoul include North Korean generals leading tens of thousands of North Korean troops in Russia, including Kim Yong Bok, who has appeared at seven events with North Korean leader Kim Jong Un this year, including special forces exercises.
South Korea separately blacklisted the North's special forces unit known as the Storm Corps, also in Russia fighting against Ukraine, and its chief, Ri Pong Chun.
Ukraine said on Monday that at least 30 North Korean soldiers had been killed or injured in combat in Russia's Kursk region over the weekend.
It said that Moscow began deploying them in the southern region in significant numbers last week to conduct assaults on Ukrainian forces.
Ukraine launched a cross-border incursion into Kursk in August.
Kyiv estimates there are 11,000 North Koreans in total, adding to a force of tens of thousands of Russians.
Russia has neither confirmed nor denied the presence of North Koreans on its side.
OIL AND GAS TO THE NORTH
The Treasury sanctions freeze the U.S. assets of the designated entities, ban their trade with Americans, and block them from transactions with the U.S. financial system.
The Treasury blacklisted Russia-based foreign trade companies that it said were shipping oil and gas to North Korea. The companies include Vostok Trading, DV Ink, and Novosibirskoblgaz. Treasury said they began shipping "thousands of tons of oil and gas" to North Korea beginning in 2022 and continuing through at least April 2024.
North Korea has likely received more than 1 million barrels of oil from Russia over an eight-month period this year in breach of U.N. sanctions, according to an analysis of satellite imagery published in November by the British-based Open Source Centre and the BBC.
North Korean oil tankers have made more than 40 visits to Russia's Far Eastern port of Vostochny since March, the report on the research group Open Source Centre's website said.
The sanctions also targeted Sibregiongaz, AO, the Russia-based parent company and 100% owner of Novosibirskoblgaz. They also hit Okryu Trading Company, or Okryu, a North Korea-based foreign trade company that Treasury said has received thousands of tons of oil shipments from Russia.
Russia and the US have initiated talks on joint rare earth metals projects, with some companies already showing interest, according to Kremlin envoy Kirill Dmitriev. This cooperation comes amid U.S. President Trump's efforts to end the Ukraine war and follows Putin's proposal for joint exploration.
Trump threatens to impose secondary tariffs on Russian oil if Moscow obstructs efforts to end the war in Ukraine, expressing frustration over Putin's comments on Zelenskiy’s leadership.
Powerful tornadoes and severe weather have struck central and southern U.S. states, causing widespread destruction and leaving at least 32 people dead. With Missouri, Kansas, and Texas among the hardest-hit areas, authorities continue to assess damage as further storms are expected.
Canada will introduce $29.8 billion in retaliatory tariffs in response to the U.S. decision to impose 25% duties on steel and aluminium imports. The move follows similar action by the EU, escalating trade tensions with Washington.
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
Apple marked its 49th anniversary by reaching a market capitalization of $3.3 trillion. Despite recent tech stock volatility, Apple's shares surged 28% in 2024.
Sweden announced its largest military aid package to Ukraine worth $1.6 billion to help Kyiv strengthen its position in peace talks. The package includes new equipment and financial donations for Ukraine's defense industry, with Sweden's total support since 2022 reaching 80 billion crowns.
Britain's King Charles is resuming public duties this week after a brief hospital visit due to side effects from his cancer treatment. Following a restful weekend, he is preparing for a regular working week at Windsor Castle, with some appointments rescheduled ahead of his state visit to Italy.
Thomas Lubanga, a convicted war criminal, has announced the formation of the Convention for the Popular Revolution (CPR) in eastern Congo's Ituri province, posing a new security threat as Congo's army faces advances by Rwandan-backed M23 rebels.
Royal Australian Air Force (RAAF) pilots, monitoring a Chinese navy warship as it navigated Australian waters, were alerted to a live-fire exercise via a civilian radio broadcast, defense officials revealed on Tuesday.
A powerful 7.7-magnitude earthquake struck Myanmar’s Sagaing region, followed by a 6.4-magnitude tremor, killing 2056 people and leaving 3,900 injured. The quake caused building collapses in Myanmar and Thailand, prompting emergency declarations and ongoing rescue efforts.
As the world shifts toward clean energy at an ever-accelerating pace, large economies are scrambling to secure reliable supply chains for rare earth minerals. These minerals, once seen as mere industrial components, have become a political tool in the global power struggle
Russian forces carried out a drone attack on Ukraine’s second-largest city, Kharkiv, late Wednesday, injuring at least twenty one people and causing structural damage, according to Ukrainian officials.
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
Sweden announced its largest military aid package to Ukraine worth $1.6 billion to help Kyiv strengthen its position in peace talks. The package includes new equipment and financial donations for Ukraine's defense industry, with Sweden's total support since 2022 reaching 80 billion crowns.
Britain's King Charles is resuming public duties this week after a brief hospital visit due to side effects from his cancer treatment. Following a restful weekend, he is preparing for a regular working week at Windsor Castle, with some appointments rescheduled ahead of his state visit to Italy.
Thomas Lubanga, a convicted war criminal, has announced the formation of the Convention for the Popular Revolution (CPR) in eastern Congo's Ituri province, posing a new security threat as Congo's army faces advances by Rwandan-backed M23 rebels.
AnewZ provides an examination of Marine Le Pen, the leader of France's far-right National Rally party, and explores her ascent in French politics, her controversial policy positions, and the recent legal challenges she faces.
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
Apple marked its 49th anniversary by reaching a market capitalization of $3.3 trillion. Despite recent tech stock volatility, Apple's shares surged 28% in 2024.
Sweden announced its largest military aid package to Ukraine worth $1.6 billion to help Kyiv strengthen its position in peace talks. The package includes new equipment and financial donations for Ukraine's defense industry, with Sweden's total support since 2022 reaching 80 billion crowns.
Britain's King Charles is resuming public duties this week after a brief hospital visit due to side effects from his cancer treatment. Following a restful weekend, he is preparing for a regular working week at Windsor Castle, with some appointments rescheduled ahead of his state visit to Italy.
Thomas Lubanga, a convicted war criminal, has announced the formation of the Convention for the Popular Revolution (CPR) in eastern Congo's Ituri province, posing a new security threat as Congo's army faces advances by Rwandan-backed M23 rebels.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment