Pyongyang trade bank barred
(03-12 09:42)
The United States slapped sanctions on North Korea's primary foreign exchange bank and four senior officials.
The US Treasury imposed sanctions on the Foreign Trade Bank of North Korea and Paek Se Bong, the chairman of the North's Second Economic Committee, responsible for overseeing the production of ballistic missiles, AFP reports.
Separately, the US State Department named to its sanctions list three North Korean officials with links to Pyongyang's weapons program.
They are Pak To Chun, head of the Munitions Industry Department, Chu Kyu Chang, alternate member of the Korean Worker Party's political bureau, and O Kuk Ryol, vice chairman of the North Korean National Defense Commission.
“North Korea uses FTB to facilitate transactions on behalf of actors linked to its proliferation network, which is under increasing pressure from recent international sanctions,’’ said David Cohen, Treasury under secretary for terrorism and financial intelligence.
US sanctions forbid any US individual, business or organization from any transactions with the people or groups named.
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