Russian firms, vessels hit with U.S. sanctions over North Korea oil transfers

Reuters  |  WASHINGTON 

(Reuters) - The on Tuesday announced sanctions on two Russian shipping companies and six vessels it said were involved in the transfer of to North Korean vessels in violation of restrictions.

The identified the shipping firms as Vladivostok-based shipping companies (Primorye) and (Gudzon). It also named six Russian-flagged vessels: Bella, Bogatyr, Neptun, Partizan, Patriot and Sevastopol.

"Ship-to-ship transfers with North Korea-flagged vessels from or elsewhere of any goods being supplied, sold, or transferred to or from (North Korea) are prohibited under the resolutions on and are sanctionable under U.S. law," said in a statement.

"Consequences for violating these sanctions will remain in place until we have achieved the final, fully verified denuclearisation of North Korea," Mnuchin added.

The has been pressuring via sanctions to give up its nuclear weapons program.

The Treasury statement said Russian ship Patriot conducted two ship-to-ship transfers of in early 2018 - 1,500 tons to the North Korea-flagged Chong Rim 2 and 2,000 tons to the North Korea-flagged

It said the buyer was the Taesong Bank, a North Korean entity subordinate to the of 39, "which engages in illicit economic activities for North Korean leadership."

has already been slapped with both U.N. and U.S. sanctions.

In a statement published on the website, Ryabkov said the latest sanctions were introduced under a "false pretense."

Tuesday's announcement came just days after imposed sanctions on a Russian port service agency as well as Chinese companies for aiding North Korean ships and selling alcohol and tobacco to in breach of U.S. sanctions.

After last week's announcement, said the had acted without evidence on the basis of groundless accusations and said it was working on retaliatory measures.

(Reporting by David Brunnstrom; additional reporting by in MOSCOW; editing by G Crosse)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 22 2018. 00:38 IST