US imposes sanctions on Russian bank due to its ties with DPRK

US imposes sanctions on Russian bank due to its ties with DPRK

The United States Treasury Department added the Russian bank Agrosoyuz, registered in Moscow, to the sanctions list. This is reported by the US department of OFAC, which deals with sanctions.

Bank Agrosoyuz consciously promoted a significant transaction in favor of An Yang Su, the chief representative of the North Korean Foreign Trade Bank. An Yang Su resides in Moscow. Both the Foreign Trade Bank and its representative are under the sanctions of the United States and the UN Security Council, the report said.

The US Finance Ministry added to the list another representative of the Bank of Foreign Trade Ri Yong Wong, who also lives in Moscow. As Radio Liberty reports, according to the UN Security Council resolution of 2016, UN member states should expel from their territory persons on the sanctions list against North Korea.

"So, An Yang Su and Ri Yong Wong should be deported from Russia, but in 2018, Agrosoyuz continues to provide services to An Yang Su, thus violating Russia's obligations to the UN. Agrosoyuz also consciously opened numerous banking Ri Yong Wong also had accounts in the Russian bank, at least in 2016, "the statement said.

The introduction of the Agrosoyuz to the US sanctions list blocks all property of a bank located in the United States or under the control of US citizens.
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