U.S. Sanctions Two Firms over Exportation of Forced Labor from North Korea

The U.S. Department of the Treasury slapped sanctions against two companies due to their alleged involvement in the exportation of forced labor from North Korea, the executive agency announced on Thursday.

The U.S. Department of the Treasury slapped sanctions against two companies due to their alleged involvement in the exportation of forced labor from North Korea, the executive agency announced on Thursday.

According to the Treasury Department, it has blacklisted Russian construction firm Mokran LLC and Korea Cholsan General Trading Corporation, a North Korean company operating in Russia, for facilitating and engaging in the exportation of forced labor from the East Asian nation.

The department accused the firms of participating in the illegal act “to generate revenue for the Government of North Korea or Workers’ Party of Korea.”

“North Korea has a long history of exploiting its citizens by sending them to distant countries to work in grueling conditions in order to financially support Pyongyang and its weapons programs,” said Treasury Secretary Steven Mnuchin. “Those countries still hosting North Korean workers must send these workers home.”

The department’s recent action reflects its continued commitment to implementing and enforcing the U.S. and UN sanctions.

All properties of the targeted entities that are in the United States or in possession of a U.S. resident would be blocked by the department and must be reported to the Office of Foreign Assets Control.


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