U.S. sanctions multiple people, entities for N. Korea's illicit financial activities, military support to Russia

▲ This image, captured from the Treasury Department's website on Dec. 16, 2024, shows a press release on North Korea-related sanctions. (PHOTO NOT FOR SALE) (Yonhap)

US-NK sanctions

U.S. sanctions multiple people, entities for N. Korea's illicit financial activities, military support to Russia

By Song Sang-ho

WASHINGTON, Dec. 16 (Yonhap) -- The United States imposed sanctions on multiple individuals and entities on Monday, accusing them of being key facilitators behind North Korea's illicit financial activities and military support to Russia.

The Treasury Department's Office of Foreign Assets Control sanctioned nine individuals and seven entities that have provided financial and military support to the North, while the State Department sanctioned three targets related to the North's ballistic missile program, according to the Treasury Department.

"The Kim regime's continued provocative actions—including its most recent ICBM test and its deepening military support to Russia—undermine the stability of the region and sustain Putin's continued aggression in Ukraine," Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Bradley Smith said in a press release. ICBM stands for intercontinental ballistic missile.

"The United States remains committed to disrupting the illicit procurement and facilitation networks that enable these destabilizing activities," the official added.

Among the newly sanctioned are Golden Triangle Bank and Okryu Trading Company.

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