More Sanctions for DPRK - Russia Arms Traders

Treasury’s Office of Foreign Assets Control (OFAC) is imposing sanctions on two Russian individuals and three Russia-based entities for facilitating weapons transfers between Russia and the Democratic People’s Republic of Korea (DPRK).

This action builds upon sanctions related to DPRK-Russia arms transfers, including the transfer and testing of DPRK-origin ballistic missiles for Russia’s use against Ukraine. 

“Today’s action reflects our commitment to disrupt the DPRK’s deepening military cooperation with Russia,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson.

DPRK-Russia Illicit Trade and Munitions transfers

Russia and the DPRK have strengthened their military cooperation over the past year, with the DPRK providing ballistic missiles and munitions to Russia. In return for its support to Moscow, Pyongyang is seeking military assistance from Russia. These designations target individuals and companies facilitating Russia-DPRK military cooperation. Operating through networks located in Russia, these actors attempt to evade sanctions by using front companies to move military equipment to support Russia’s illegal aggression against Ukraine.   

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, includingVerus LLC, a Russia-based company tied to Mkrtychev’s sanctions evasion network. Since these designations, Mkrtychev and his associates have continued to facilitate the shipment of DPRK military equipment to Russia. 

Click here for more information on the individuals and entities designated today.