Russian Bank Hit With Sanctions For Helping North Korea | WHAT REALLY HAPPENED

Russian Bank Hit With Sanctions For Helping North Korea

The Treasury Department slapped sanctions on a Russian bank on Friday, accusing it of processing transactions for North Korea in violation of United Nations sanctions.

Agrosoyuz Commercial Bank knowingly facilitated "a significant transaction" on behalf of a person affiliated with North Korea's weapons of mass destruction, the agency said in a statement.

The individual was named as Han Jang Su, the Moscow-based chief representative of North Korea's primary foreign exchange bank, the Foreign Trade Bank.

The statement also detailed a long relationship between the Russian bank and North Korea. The bank held, processed and transferred millions of dollars for North Korea, despite sanctions which are meant to isolate it economically.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA