Last Updated: January 19, 2026
Paekyangsan Shipping Co Ltd
Official reason
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.
Date of listing
2024-05-17
Program information
Authority
UK
Program
The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019
Regime
UN, UK country specific
Target State
Democratic People's Republic of Korea
Measures
Asset freeze and making available provisions, Trade sanctions, Travel bans, Transport sanctions
Sanctions Portfolio
• The Regulations impose financial sanctions through a targeted asset freeze on designated persons and prohibitions on making funds or economic resources available. This involves the freezing of funds and economic resources (non-monetary assets, such as property or vehicles) of designated persons and ensuring that funds and economic resources are n...
Official Information
The Democratic People’s Republic of Korea (Sanctions) (EU Exit) Regulations 2019 came fully into force on 31 December 2020. They are intended to ensure that certain sanctions measures relating to the Democratic People’s Republic of Korea continue to operate effectively. You should also review the Sanctions (EU Exit)(Miscellaneous Amendments) Regul...
Additional Details
Licencing, exception and direction provisions are contained in Part 9 of the Regulations.
Program URL