Treasury Targets PRC-based Procurement Network Supporting DPRK Ballistic Missile and Space Programs

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned a network of six individuals and five entities based in the People’s Republic of China (PRC), involved in the procurement of items supporting the Democratic People’s Republic of Korea’s (DPRK) ballistic missile and space programs. In flagrant violation of multiple United Nations (UN) Security Council Resolutions (UNSCR), the DPRK has continued to conduct launches using ballistic missile technology, including a recent failed effort to place a military satellite into orbit in late May 2024. Moreover, the DPRK has supplied ballistic missiles to the Russian Federation, which continues to target civilian population centers and infrastructure in Ukraine, sustaining Russia’s brutal and unprovoked war.For its part, Russia has vetoed the renewal of the UN Panel of Experts tasked with monitoring for violations of DPRK-related UNSCR sanctions, making it easier for the DPRK and other actors to evade UN sanctions.