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Trump Administration sanctions Russian bank for 'illegal financial activity' with North Korea
CNBC ^ | August 3, 2018 | Christina Wilkie

Posted on 08/03/2018 5:53:08 PM PDT by CondoleezzaProtege

The Trump administration on Friday announced new sanctions targeting a Russian bank, two North Korean entities and one North Korean citizen for facilitating "illegal financial activity."

The Russian-registered bank Agrosoyuz Commercial Bank (Agrosoyuz) was sanctioned for doing business with Han Jang Su, a North Korean who Treasury said was the "Moscow-based chief representative of Foreign Trade Bank (FTB), North Korea's primary foreign exchange bank."

"The United States will continue to enforce UN and U.S. sanctions and shut down illicit revenue streams to North Korea. Our sanctions will remain in place until we have achieved the final, fully-verified denuclearization of North Korea," Treasury Secretary Steven Mnuchin said in a statement.

The Wall Street Journal reported earlier this week that North Korean workers were continuing to flow into Russia, in spite of UN sanctions intended to block cash from flowing back to North Korea.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Crime/Corruption; News/Current Events; Russia
KEYWORDS: korea; northkorea; russia; sanctions; singaporesummit; trumpasia; trumpputin

1 posted on 08/03/2018 5:53:08 PM PDT by CondoleezzaProtege
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To: CondoleezzaProtege

Impossible.


2 posted on 08/03/2018 6:27:01 PM PDT by Rebelbase (Heaven has a wall and strict immigration policy. Hell has open borders--seen on a tee shirt)
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