US Sanctions Chinese and Russian Tech Firms Over Funds for North Korea

US Sanctions Chinese and Russian Tech Firms Over Funds for North Korea
U.S. President Donald Trump shakes hands with North Korean leader Kim Jong-un at the Capella Hotel on Sentosa island in Singapore, on June 12, 2018. Jonathan Ernst/Reuters
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WASHINGTON/SEOULThe United States on Sept. 13 imposed sanctions on a China-based tech firm, its North Korean CEO, and a Russian subsidiary, accusing them of moving illicit funding to North Korea in violation of U.S. sanctions.
The new sanctions target China-based Yanbian Silverstar Network Technology Co., its North Korean chief executive Jong Song Hwa, and a Russian-based sister company, Volasys Silver Star, the U.S. Treasury Department said in a statement.