PressTV-US imposes sanctions on Russian, Chinese firms

The United States has imposed sanctions on two tech firms, one in Russia and one in China, accusing them of moving illicit funding to North Korea in violation of American sanctions.

The US Treasury Department said in a statement on Thursday that the new sanctions target China-based Yanbian Silverstar Network Technology Co, and a Russian-based subsidiary, Volasys Silver Star, Reuters reported.

The US Treasury statement accused the companies for supporting North Korea’s nuclear and missile programs.

“These actions are intended to stop the flow of illicit revenue to North Korea from overseas information technology workers disguising their true identities and hiding behind front companies, aliases, and third-party nationals,” Treasury Secretary Steven Mnuchin said in the statement.

He called on the companies across the world “to take precautions to ensure that they are not unwittingly employing North Korean workers for technology…

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