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U.S. imposes sanctions on Russian company due to ties with North Korea

U.S. imposes sanctions on Russian company due to ties with North Korea

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The U.S. imposed financial sanctions against Russia’s non-bank credit organization “Russian financial community” due to violations of the sanctions regime against North Korea, as the U.S. Treasury Department reported.
As it was reported, Russian organization opened several accounts for the company which belonged to the Foreign Trade Bank of North Korea.

The bank and the leader of its representation in Moscow were earlier included in the sanctions list.
The website of “Russian financial community” informed that it performs cash and settlements service of the clients and foreign exchange controls.

Earlier, the U.S. and 25 other countries accused South Korea of violating the UN sanctions, as it exceeded the provided limit by 500,000 barrels of petroleum products in 2918. The situation is the same this year – North Korea has exceeded the set limit.
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