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US sanctions Russian bank over North Korea transaction

The United States Treasury on Friday sanctioned Russia’ s Agrosoyuz Commercial Bank for allegedly facilitating a financial transaction on behalf of a North Korean official involved in the country’ s nuclear programme.

“ Today’ s action targets a Russian bank for knowingly facilitating a significant transaction on behalf of an individual designated for weapons of mass destruction-related activities in connection with North Korea ,” a statement said .

Any property of the bank is blocked and US persons cannot do transactions with the institution . The US also put in place measures against a facilitator for a North Korean bank and two front companies for that institution , the Foreign Trade Bank , which the Treasury said is the main foreign exchange bank of Pyongyang.

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The move comes even as US President Donald Trump continues to laud his efforts to negotiate a nuclear-disarmament deal with North Korea and regularly points to his relationship with that country’ s dictator, Kim Jong -Un .

This week, North Korea returned the remains of US servicemen killed in the Korean War .

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