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The United States targeted two Russian banks on Friday as part of new sanctions over alleged support for North Korea and its nuclear and ballistic missile programs.
The sanctions come after what the United States said were three new ballistic missile launches from North Korea on Tuesday, including an intercontinental ballistic missile.
The shootings came after President Joe Biden cut off an Asian trip that underscored Washington’s commitment to protecting allies from the nuclear threat in the North.
The United States says this week’s launches have raised North Korea’s total to 23 this year as the isolated country insists on developing and expanding its nuclear and missile programs.
FILE – South Korean and American missiles on display at the Korean War Memorial Museum in Seoul, South Korea, Thursday, May 26, 2022.
The targets of Friday’s sanctions include two Russian banks, Far Eastern and Sputnik, which the United States says are doing business with U.S.-sanctioned North Korean organizations. Bank Sputnik has also helped North Korea arrange payments for the use of Russian satellite services, the finance ministry said in announcing the sanctions.
The new sanctions also target a Belarusian-based man in North Korea, whom the United States says is helping generate funding for rocket launches, and a trading company.
NORTH KOREA RELEASES 3 TESTED ROCKETS AS BIDEN LEAVES ASIA
This photo, released by the North Korean government, shows an experimental shot of an Hwasong-17 intercontinental ballistic missile (ICBM) at an undiscovered location in North Korea on March 24. (Korea News Service via AP)
BIDEN, SOUTH KOREA TO COORDINE NORTH KOREA’S RESPONSE TO NUCLEAR THREAT
In this photo provided by the North Korean government, North Korean leader Kim Jong Un attends a meeting of the Korean Workers’ Party in Pyongyang, North Korea on February 28, 2022 (Korean News Agency).
On Thursday, China and Russia vetoed a UN-sponsored UN Security Council resolution that would impose new tough sanctions on North Korea over its flow of intercontinental ballistic missile launches that could be used to deliver nuclear weapons. weapons.
Thursday’s vote marks the first major split between the five permanent members with a veto over the UN’s most powerful body on a resolution on North Korea’s sanctions.
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