The US imposed sanctions on a Vladivostok company for its ties to North Korea.

The US Treasury Department's Office of Foreign Assets Control (OFAC) has imposed sanctions on six individuals and two companies it believes are linked to North Korea. The announcement was published on the agency's website.

The measures were developed in coordination with South Korea. Specifically, the restrictions targeted Alis LLC, registered in Vladivostok.

According to OFAC, Alis LLC is subordinate to the North Korean company Chinyong. In 2021–2022, the agency believes it transferred over $2.5 million to its parent company.

Alis LLC was registered in 2016, according to the SPARK database. The company is managed by Andrey Babkin, who holds the position of director. Its beneficiary is North Korean citizen Kim Sang-man, who owns 100% of the company.

The company develops software and sells computer equipment. Its activities also include equipment repair, provision of temporary accommodation, and other services.

Restrictions have also been imposed on Pioneer Bencont Star Real Estate, a UAE company. OFAC identifies it as another subsidiary of Chinyong . The head of this company, John Young Gang, according to OFAC, coordinated the transfer of funds from this company to Chinyong.

Six individuals, whom OFAC believes are linked to North Korea, were also sanctioned by the United States . Two of them are located in Russia: Oh In-chun, a representative of Daesong Bank, and Jeong Seong-ho, a representative of Jinmyong Joint Bank.

OFAC suspected all of these individuals of coordinating transfers to the DPRK from abroad to provide it with income and access to the international financial system.

All assets of sanctioned individuals located in the United States are subject to blocking. Furthermore, all subsidiaries in which they own more than 50% of the assets are automatically subject to sanctions. All US individuals and legal entities are prohibited from conducting transactions involving them.