U.S. Sanctions Network Facilitating Russia-North Korea Financial Transactions

The sanctions target entities and individuals enabling illicit payments between the two nations amid deepening military and economic ties.

The Treasury Department announced sanctions on five groups and one individual for enabling payments between Russia and North Korea.
Sanctioned entities include banks and front companies based in Russia and South Ossetia, accused of facilitating illegal financial transactions.
The sanctions aim to disrupt networks supporting North Korea's weapons programs and Russia's war efforts in Ukraine.
North Korea has allegedly supplied Russia with rockets and missiles in exchange for economic and military assistance.
The measures follow recent meetings between North Korean leader Kim Jong Un and high-ranking Russian officials to strengthen strategic cooperation.