US Sanctions 2 Individuals, 3 Entities Exporting Petroleum To North Korea - Treasury

US Sanctions 2 Individuals, 3 Entities Exporting Petroleum to North Korea - Treasury

WASHINGTON (UrduPoint News / Sputnik - 07th October, 2022) The United States has sanctioned two people and three entities for exporting petroleum to North Korea, the US Treasury Department announced on Friday.

"Today, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated two individuals and three entities for activities related to the exportation of petroleum to the Democratic People's Republic of Korea (DPRK), which directly supports the development of DPRK weapons programs and its military," the statement said.

The sanctions target Singapore-based Kwek Kee Seng, Taiwan-based Chen Shih Huan, and Marshall Islands-registered company New Eastern Shipping Co Ltd, "which were involved in the ownership or management of the Courageous, a vessel that has participated in several deliveries of refined petroleum to the DPRK," it added.

Additionally, OFAC designated Singapore-registered Anfasar Trading (S) Pte. Ltd. and Singapore�-registered Swanseas Port Services Pte. Ltd.