US Sanctions 5 Russian Entities for Transferring Military Equipment, Kim’s Sister Denies North Korea’s Role

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Mayur Joshi
Mayur Joshihttp://www.mayurjoshi.com
Mayur Joshi is a contributing editor to Regtechtimes, he is recognized for his insightful reporting and analysis on financial crimes, particularly in the realms of espionage and sanctions. Mayur's expertise extends globally, with a notable focus on the sanctions imposed by OFAC, as well as those from the US, UK, and Australia. He is also regular contributor on Geopolitical subjects and have been writing about China. He has authored seven books on financial crimes and compliance, solidifying his reputation as a thought leader in the industry. One of his significant contributions is designing India's first certification program in Anti-Money Laundering, highlighting his commitment to enhancing AML practices. His book on global sanctions further underscores his deep knowledge and influence in the field of regtech.

The United States has announced sanctions targeting two Russian individuals and three Russian companies for their roles in transferring arms between Russia and North Korea. These sanctions, initiated by the Treasury and State Departments, aim to disrupt the illegal arms trade between these nations, particularly the transfer of ballistic missiles intended for use in Ukraine.

Details of the Sanctions

The Treasury Department’s recent statement highlighted the specific targets of the sanctions: two Russian individuals and three Russian companies. These entities are accused of orchestrating and enabling the transfer of military equipment from North Korea to Russia. The US alleges that these actions support Russia’s military efforts in Ukraine, undermining global security and the international non-proliferation regime.

In March 2023, OFAC designated Ashot Mkrtychev (Mkrtychev) for attempting to facilitate arms deals between Russia and the DPRK. In August 2023, OFAC designated three additional companies, including Verus LLC, a Russia-based company tied to Mkrtychev’s sanctions evasion network. Rafael Anatolyevich Gazaryan worked with Mkrtychev on arms transactions involving the DPRK and Russia.

Gazaryan also used Russian-based Trans Kapital Limited Liability Company in transferring aviation components to a North Korean weapons dealer. Gazaryan is the owner of Russia-based Rafort Limited Liability Company. Aleksey Budnev is the sole owner of Russia-based Tekhnologiya, OOO.

Kim Yo Jong, the powerful sister of the Korean President said Pyongyang had no intention to export our military technical capabilities to any country. She further accused Seoul and Washington of “misleading the public opinion with a false rumour that the weapon systems produced by North Korea are ‘for export to Russia.

Transferring Military equipment between Russia and North Korea

The US Treasury’s statement reveals a significant increase in military cooperation between Russia and North Korea. This cooperation includes North Korea transferring ballistic missiles and munitions to Russia in exchange for military assistance. Over the past year, the strategic alignment between these two nations has intensified, posing serious implications for global security.

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Global Reactions and Strategic Implications

The new sanctions coincide with recent diplomatic developments, including a meeting between Russian President Vladimir Putin and Chinese President Xi Jinping. The two leaders emphasized their ‘strategic partnership’ and jointly criticized the United States, particularly concerning North Korea. This unified stance by Russia and China complicates international efforts to address North Korea’s missile tests and military ambitions.

Moreover, the US State Department has announced efforts to gather information about three North Korean workers linked to the Communist country’s Munitions Industry Department and an American accomplice involved in securing illicit IT work with US firms and government agencies. These actions reflect a broader strategy to counter North Korea’s global illicit activities.

Violation of UN Resolutions

According to US State Department spokesperson Matthew Miller, Russia has already deployed over 40 North Korean-produced ballistic missiles against Ukraine. These transfers, conducted in violation of United Nations resolutions, underscore the defiance of international norms by both Russia and North Korea.

Efforts to impose new UN sanctions on North Korea have repeatedly been blocked by Russia and China, highlighting the geopolitical complexities in addressing North Korea’s prohibited ballistic missile tests.

The US sanctions on Russian entities transferring arms from North Korea underscore the ongoing efforts to curtail the deepening military cooperation between these two nations. By targeting the networks transferring these illicit pieces of equipment, the United States aims to disrupt the flow of weapons that bolster Russia’s military actions in Ukraine and uphold international non-proliferation standards. As global powers navigate this intricate geopolitical landscape, the ramifications of these sanctions will continue to unfold, shaping international relations and security dynamics.

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