Overview

• The U.S. announced sanctions on 11 individuals and nine entities from North Korea and Russia, focusing on financial and military ties.
• North Korean banks, including Golden Triangle Bank and Korea Mandal Credit Bank, were sanctioned for aiding Pyongyang's weapons programs.
• North Korea has reportedly deployed 11,000 troops to support Russia in its war against Ukraine, with deeper military cooperation formalized last month.
• Russian shipping companies involved in transporting oil and materials linked to North Korea's activities were also blacklisted.
• The sanctions follow North Korea's recent intercontinental ballistic missile test and growing concerns over its destabilizing actions in the region.