U.S. Sanctions Russia's 203rd Largest Bank Over North Korea (1).

The U.S. Treasury Department sanctioned a small Russian-registered bank, along with an individual and two other entities for facilitating North Korean financial transactions. Agrosoyuz Commercial Bank was targeted for "knowingly conducting or facilitating a significant transaction on behalf of Han Jang Su, the Moscow-based chief representative of Foreign Trade Bank (FTB), North Korea's primary foreign exchange bank", Treasury said in a statement Friday. The Treasury Department also sanctioned Ri Jong Won, the Moscow-based deputy representative of FTB, and two other companies, Dandong Zhongsheng Industry & Trade Co., Ltd. and Korea Ungum Corporation. [Extracted from the article]