On Thursday, the US Treasury Department added one company and two individuals to the sanctions list related to North Korea. We are talking about the Moscow company “Intellect”, its CEO Sergey Kozlov, as well as a citizen of the DPRK, Chong Chin-yong.
As stated in the department’s message, the sanctions were introduced in coordination with South Korea and Japan. It is claimed that the Russian, his company and a citizen of the DPRK “participated in obtaining income for North Korea’s illegal development of weapons of mass destruction and ballistic missiles.” The decision was made in response to an unsuccessful request by the DPRK to launch a reconnaissance satellite into orbit on August 23.
As stated in the report, Chung Chin-Yon, who lives in Moscow, together with Kozlov engaged in the employment of construction workers from North Korea in Russia, and also purchased goods used in shipbuilding through Kozlov’s mediation. It is also alleged that Chon Chin-yong is associated with the front company “Second Academy of Natural Sciences”, which was previously included in the US sanctions list for participating in activities related to the proliferation of weapons of mass destruction, and the company “Intellect” had a joint project with this company in the field construction in Moscow. No other details are provided. The Intellect company has a charter capital of 10,000 rubles, and its revenue for 2022 is slightly more than 3 million.
Last week, North Korea launched a ballistic missile with, presumably, a reconnaissance satellite. The device did not go into orbit. This is already the second such unsuccessful launch – a rocket launched on May 31 with a satellite fell into the Yellow Sea.