US "sanctions" institutions linked to "Russia-North Korea arms deal"
The US has imposed sanctions on arms trade between North Korea and Russia.

On August 16th (local time), the US Treasury Department's Office of Foreign Assets Control (OFAC) announced sanctions against Bels, a Russian company, Bels, a Slovak national, and Defense Engineering, a Kazakhstan company.

The sanctions will freeze all U.S. assets of the target institutions and control all transactions with U.S. individuals and institutions.

Arms dealer Ashot Mukurchev, who owns the three institutions, brokered an arms deal between North Korea and Russia in March, shipping more than 20 types of weapons and ammunition to North Korea, according to the U.S. Treasury Department. to Russia, and Russia coordinated a plan to send materials, including food, to North Korea.

Mukurchev is already on the US Treasury Department's sanctions list. The British government has already announced sanctions against Mukurchev on the 8th for allegedly brokering an arms deal between Russia and North Korea.

"These agencies supported arms deals between North Korea and Russia," the Treasury Department said in a statement. It's part of the."

"Russia is increasingly dependent on its few allies, including North Korea" he said.
2023/08/17 11:37 KST