US Sanctions North Korean, Russian Entities Over Military Collaboration

The Treasury’s new sanctions target entities that allegedly support North Korea’s ballistic missile program and assist Russia’s war effort in Ukraine.

Flags of Russia and North Korea attached to a car during a ceremony welcoming Russian President Vladimir Putin at an airport in Pyongyang, North Korea, on June 19, 2024. Sputnik/Vladimir Smirnov/Reuters

The Treasury Department’s Office of Foreign Assets Control on Dec. 16 imposed sanctions on a network of nine individuals and seven entities allegedly involved in providing military and financial support to North Korea.

The newly designated parties are accused of providing critical resources to support activities such as North Korea’s weapons tests and, more recently, its military assistance to Russia, according to a Treasury statement.