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Two Russian Firms And Six Of Their Ships Listed By OFAC For Transactions With North Korea

north-korea-1151137_640.jpgThe United States Federal government last week designated more entities for alleged violations of United Nations and U.S. sanctions against the governing regime in North Korea.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) said Tuesday it has designated two Russia-based shipping companies, namely Primorye Maritime Logistics Co Ltd, and Gudzon Shipping Co LLC, and four oceangoing vessels owned buy Gudzon, specifically the Patriot, Neptun, Bella, Bogatyr, Partizan, and Sevastopol, for allegedly conducting ship-to-ship transfers of refined petroleum products to other vessels operating under the North Korean banner.

Such an act is in contravention of a series of prohibitions issued by the United Nations Security Council and, as a result, is sanctionable under United States Federal statutes. According to OFAC, earlier this year the Patriot carried out two ship-to-ship transfers of oil to North Korean ships, consisting of one 1,500-ton transfer and another 2,000-ton transfer.

Per OFAC, the purchaser of both shipments was Taesong Bank, an arm of the ruling Worker's Party of Korea. Both North Korean ships that received oil from the Patriot were previously listed by both the U.S. and U.N. for their involvement in supplying North Korea with prohibited materials.

The entities listed are now prohibited from exercising rights to property owned in the jurisdiction of the United States, and United States citizens are prohibited from knowingly engaging in business with these firms. According to Treasury Secretary Steven Mnuchin, the sanctions will continue in full force until North Korea's full and complete denuclearization is achieved and verified.

The Law Offices of Bjorn Brunvand have been representing people charged with capital murder, felony drug charges, drunk driving, government fraud, and white-collar crimes for over a quarter century. Contact our office today to discuss your Tampa Bay-area state or federal charges.

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