US Sanctions (North Korea)

Dear Member,

In the letter sent to our Chamber by TOBB, with reference to the letter of the Ministry of Trade dated 07.06.2022 and numbered E-45453680-951.02.07-00075324161, and with reference to a letter received from the Ministry of Foreign Affairs, it is reported that the United States of America (USA) has added nine individuals, six of them citizens of North Korea and three of them citizens of the Russian Federation (RF), and four companies located in the Russian Federation to the sanctions list (OFAC), on the grounds that they contributed to North Korea's production of weapons of mass destruction and its ballistic missile programme.

The statements of the US Department of State and the US Department of the Treasury on the matter, together with the list of the said sanctioned individuals and entities, are enclosed.

The letter goes on to state that the unilateral sanctions decisions and practices of the USA against North Korea are not legally binding on our country; however, emphasis is placed on the USA's ability to apply sanctions extraterritorially and on the possibility that our companies which may enter into business contracts with sanctioned persons and entities may be indirectly affected by the sanctions.

Kind regards,

Elazığ Chamber of Commerce and Industry

 

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Date Added :2022-06-13 04:06:00