The sanctions come after what the U.S. says were three new ballistic missile launches by North Korea on Tuesday, including one intercontinental ballistic missile.
The launches happened after President Joe Biden ended an Asian trip in which he stressed Washington’s commitment to defending allies from the North’s nuclear threat.
Friday’s sanctions targets include two Russian banks, Far Eastern and Sputnik, that the U.S. says do business with U.S.-sanctioned North Korean entities. Bank Sputnik also helped North Korea arrange payments for the use of Russian satellite services, the Treasury Department said in announcing the sanctions.
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