The United States has imposed sanctions on three companies connected to a U.S.-designated arms dealer who has attempted to facilitate arms deals between North Korea and Russia for the latter to use it to attack Ukraine.
The three entites targeted by the Department of the Treasury's Office of Foreign Assets Control (OFAC) are Limited Liability Company Verus (Verus), Defense Engineering Limited Liability Partnership (Defense Engineering), and Versor S.R.O.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.