U.S. sanctions network facilitating banking between Russia and North Korea

20 Sep 2024, 07:41 by Darryl Coote · UPI

Sept. 20 (UPI) -- The United States has blacklisted a network accused of aiding financial payments between Russia and North Korea, two isolated countries that have grown financially and militarily closer amid the Kremlin's war in Ukraine.

The sanctions, announced by the United States on Wednesday, target banks, front companies and schemes that facilitate the transfer of cash deposits to and from North Korea and Russia, as well as the repatriation of frozen Pyongyang assets held in Moscow.