Fri Sep 20 08:57:55 UTC 2024: ## US Sanctions Russia and North Korea for Illicit Financial Ties
**Washington, D.C. -** The United States has imposed sanctions on five entities and one individual involved in illicit financial dealings between Russia and North Korea. The move, announced today by Department Spokesperson Matthew Miller, aims to disrupt networks that support both North Korea’s illicit weapons programs and Russia’s war in Ukraine.
The sanctions, which were levied under executive orders targeting terrorism and illicit financial activities, specifically target individuals and organizations facilitating the flow of funds between the two countries. The US government believes these actions are crucial in preventing the DPRK from accessing the international banking system in violation of UN Security Council resolutions.
“The growing financial cooperation between Russia and North Korea directly threatens international security and the global financial system,” stated Miller. “Russia has become increasingly reliant on North Korea as it faces battlefield losses and international isolation.”
The sanctions highlight the US government’s commitment to disrupting both Russia’s support for North Korea’s weapons programs and its ongoing war in Ukraine. “The United States will continue to use the tools at its disposal to dismantle these illicit networks,” Miller added.
This move follows a series of sanctions imposed by the US and its allies on Russia and North Korea in recent months, signaling a continued effort to counter their destabilizing actions on the global stage.
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