City
Epaper

Australia sanctions N.Korean firm involved in arms development

By IANS | Updated: March 8, 2022 07:55 IST

Seoul, March 8 Australia has imposed its own sanctions against a North Korean trading company linked with the ...

Open in App

Seoul, March 8 Australia has imposed its own sanctions against a North Korean trading company linked with the "secretive" nation's development of weapons of mass destruction, as well as Chinese and Russian companies accused of helping Pyongyang shun international sanctions, a recent government document showed.

The Pyongyang-based Puhung Trading Corp. has been added to Australia's list of entities under financial sanctions, which restrict the use of their assets, according to a document from Foreign Minister Marise Payne dated March 1, Yonhap news agency reported.

"The Minister made the designations being satisfied that one of the entities (Puhung Trading Corporation) has been associated with the DPRK's weapons of mass destruction program or missiles program," a separate ministry statement read, using the acronym of the North's official name, the Democratic People's Republic of Korea.

It added that China-based Dandong Rich Earth Trading Company Limited and Russia-based Profinet Pte Ltd have also been included in the sanctions list for assisting or having assisted in North Korea's violation or evasion of international sanctions. Dandong Rich Earth Trading and Profinet were targeted by US sanctions in 2017 and 2018, respectively.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Puhung trading corp.australiaseoulYonhapMarise PayneSahil kiniSouth asia regional connectivity
Open in App

Related Stories

CricketDamien Martyn: Former Australia World Cup Winner Hospitalised in Induced Coma

InternationalBondi Beach Shooting: Gunmen Identified as Father-Son; 16 Killed at Jewish Celebration in Sydney

InternationalSydney Mass Shooting: At Least 10 Dead Several Injured at Firing Incident Near Bondi Beach

TechnologyWhy Australia Is Banning Children Under 16 From Social Media? Here’s the Reason

MumbaiEx-Australian Minister John Robb Collapses at PM Narendra Modi’s Mumbai Event

Politics Realted Stories

MumbaiWho Is Tejasvee Ghosalkar? Shiv Sena UBT Leader and Former Corporator Joins BJP Ahead of BMC Polls

MaharashtraSanjay Raut Says Sena–MNS Already Together No Need Others Permission

MaharashtraBig Jolt to Sharad Pawar as Salil Deshmukh, Son of Anil Deshmukh, Quits NCP-SP

PoliticsEknath Shinde Issues Strict No-Crossover Order After Meeting Amit Shah; Directive Communicated to All Shiv Sena Leaders

MaharashtraBMC Elections 2025: Devendra Fadnavis Says Clarity on Seat-Sharing Will Emerge in Two Days