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US demands sanctions against North Korea bankers and 3 units

UNITED NATIONS – The United States imposed sanctions on Friday against a North Korean bank, a Russian bank and a Chinese company, calling on the United Nations to add them to its blacklist of sanctions.

US Secretary of the Treasury Steven Mnuchin said in a statement requiring the new sanctions that "the United States will continue to enforce US and US sanctions and shunt illegal revenue flows to North Korea."

"Our sanctions will continue until we reach the final, fully verified denuclearization of North Korea," he said.

The US imposed sanctions on Ri Jong Won, Deputy Foreign Trade Representative in Moscow and a North Korean government official. The Foreign Trade Bank is already subject to United States and United Nations sanctions.

The Trump government also imposed sanctions on Moscow-based Agrosoyuz Commercial Bank, saying that it had "carried out or facilitated a major transaction on behalf of Han Jang Su, who was based in Moscow, as a foreign trade representative Bank. "Han is also subject to US and UN sanctions.

The US Treasury Department said that a UN Security Council resolution of 2016 stipulates that an individual working on behalf or at the direction of individuals should be expelled from a North Korean bank or financial institution.

"Therefore, Han Jang Su and Ri Jong Won should be expelled from Russia," it said.

Nevertheless, the Ministry of Finance said Agrosoyuz had continued to provide services to Han in 2018 and also "knowingly opened several bank accounts for at least three Foreign Trade Bank front companies."

The US also imposed sanctions on two foreign trade bank front companies – the Korea Ungum Corporation headquartered in Pyongyang and China's Dandong Zhongsheng Industry and Trade Co., Ltd.

The US Mission has asked the UN Security Council Jong Won and the Three Entities

According to the documents sent to the Associated Press, the Netherlands, which chairs the Committee on Sanctions against North Korea, sent a letter to Council members will be appearing at 3 pm EDT on 10 August to raise any objections.

The US Mission to the United Nations said the request coincides with US Treasury actions and is part of a coordinated US government effort to continue to implement existing domestic sanctions and multilaterally, and cut off North Korea's illegal financial activities. "

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