The new measures issued on Friday target two Russian banks that the U.S. says do business with U.S.-sanctioned North Korean entities
The U.S. targeted two Russian banks Friday as part of new sanctions over alleged support for North Korea and its nuclear and ballistic missile programs.
The launches happened after President Joe Biden ended an Asian trip in which he stressed Washington’s commitment to defending allies from the North’s nuclear threat. Friday’s sanctions targets include two Russian banks, Far Eastern and Sputnik, that the U.S. says do business with U.S.-sanctioned North Korean entities. Bank Sputnik also helped North Korea arrange payments for the use of Russian satellite services, the Treasury Department said in announcing the sanctions.
On Thursday, China and Russia vetoed a UN Security Council resolution sponsored by the United States that would have imposed tough new sanctions on North Korea for its spate of intercontinental ballistic missile launches that can be used to deliver nuclear weapons.
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