UKSL Sanctions designation

Paekyangsan Shipping Co Ltd

Entity · designated 17 May 2024

Designation identifiers

UKSL unique ID
DPR0289
OFSI group ID
16495
Designation type
Entity
Date designated
17 May 2024
Last updated
9 April 2025

Regimes

  • The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019

Designation sources

  • UK

Sanctions imposed

  • Asset freeze
  • Director Disqualification Sanction
  • Transport sanctions: see 'Other information'

Official reasons

  • Paekyangsan Shipping Co Ltd is or has been involved in the facilitation of DPRK military programmes by its involvement in transferring petroleum products between Russia and DPRK as owner of the vessel PAEK YANG SAN 1, thereby assisting in the contravention or circumvention of a relevant DPRK-related provision, namely UNSCR 2397 (2017).

Other information

  • The Director Disqualification Sanction was imposed on 09/04/2025.
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This directory is not a substitute for sanctions compliance screening. Ownership and control rules can apply to entities that are not separately named. Verify the current official list and obtain appropriate advice.