US Sanctions Russian Shipping Company Involved in North Korea-Russia Military Supplies Trade
Three Shipping Companies and Three Vessels Included in Sanctions List
The United States has sanctioned Russian shipping companies involved in the trade of munitions and other weapons between North Korea and Russia.
On the 12th (local time), the U.S. Department of State announced new sanctions against Russia, including three companies involved in the export of North Korean military supplies to Russia: IBEX Shipping, Azia Shipping Holdings, and Azia Shipping Company.
IBEX Shipping owns three Russian-flagged vessels. Azia Shipping Holdings has operated eight Russian-flagged vessels. Azia Shipping Company, located in Vladivostok, has also supplied materials to the Russian Ministry of Defense.
Three vessels associated with IBEX Shipping?Maria, Captain Yakubovich, and Arkadi Chernyshev?were also included in the sanctions list.
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U.S. authorities believe that North Korea supplied military equipment to Russia around the time of the North Korea-Russia summit in September. It is estimated that after Russian Defense Minister Sergei Shoigu visited North Korea in July, North Korea began transferring large quantities of military supplies to Russia starting in August. The supply of military equipment from North Korea to Russia continued even after the September summit, and authorities suspect that Russia transferred satellite launch technology to North Korea.
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