The US imposed sanctions against two Russian banks for ties with the DPRK

One of the banks, the Samara-based Sputnik, was revoked by the Central Bank in November last year. According to the US Treasury,he and the Far East Credit Bank cooperated with North Korean companies that fell under Washington sanctions US Department of the Treasury building 

The United States imposed sanctions against the Far East Bank and Sputnik Bank due to ties with North Korea, according to the website of the Ministry of Finance.

The department clarified that the Vladivostok Far East Bank provided financial services to the North Korean state airline Air Koryo. Korea Ungum Corporation opened a ruble account with Sputnik Bank in Samara, and it also helped the DPRK Foreign Trade Bank (FTB) "in paying for the use of Russian satellite communications services."

The restrictions also affected a North Korean citizen living in MINSK and Air Koryo Trading Corporation.

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On November 1, 2021, the Central Bank revoked the license from Sputnik: this bank completely lost its capital, and also underestimated the amount of credit risk and overestimated the value of assets in reporting, the regulator explained.

The United States imposed sanctions against Air Koryo in 2017 for supporting the North Korean government, Pyongyang's nuclear program and its military structures. The FTB has been sanctioned since 2013 and is accused by the US authorities of supporting North Korea's work on weapons of mass destruction. Korea Ungum Corporation in Washington was named a front company FTB.

RUSSIA and CHINA blocked in the UN Security Council a resolution on sanctions against the DPRK Politics

US sanctions against the DPRK are mainly related to the republic's nuclear program. Russian companies and citizens of Russia have been included in these lists more than once because of the aid to North Korea. For example, in March, the Finance Ministry imposed sanctions on two Russians and three Russian companies, accusing them of supporting North Korea's development of weapons of mass destruction and ballistic missiles.

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