US Excludes Russian Oil Company from North Korea Sanctions List

Published March 3rd, 2020 - 07:48 GMT
US Excludes Russian Oil Company from North Korea Sanctions List
Primornefteproduct was also removed from the sanctions list. (Shutterstock)
Highlights
Independent Petroleum Company removed from North Korea sanctions list after being added in 2017.

The U.S. removed Monday Russia's Independent Petroleum Company from its North Korea sanctions list.

The company was designated in 2017 after it allegedly shipped over $1 million in petroleum products to North Korea in violation of UN sanctions on Pyongyang. AO NNK-Primornefteproduct, its subsidiary, was also sanctioned.

Primornefteproduct was also removed from the sanctions list.

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