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New US sanctions against North Korea may affect operators of Far-Eastern seaports — expert

The toughening of US sanctions against the DPRK may complicate considerably the functioning of operators of Far-Eastern seaports but will not wield practically any impact on the operations of seaports as separate enterprises, Assistant Professor Artyom Lukin at Far-Eastern Federal University’s School for Regional and International Research, one of the leading Russian experts on the Koreas, told TASS.

Speaking of how the US could affect large operators, he said: “If they pass the bill, they will most likely select one or two showcase victims to make all others tremble.”

Financial and economic damage may affect Summa Group (Commercial Port of Vladivostok), Kuzbassrazrezugol (Vostochny Port), Evraz (Nakhodka Trade Sea Port) and Vanino Sea Trade Port (Mechel Group is the core customer), he said.

Read more at tass.com

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