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FINANCIAL NEWS
Kuwait authorities forbid imports from North Korea
10 Jun 2017
(MENAFN) Kuwaiti Ministry of Commerce and Industry issued authorities on prohibiting the import of gold, rare metals, titanium and vanadium crutches directly or indirectly from North Korea as the Security Council imposed sanctions on that country.
The announcement was to forbid any Kuwaiti financial corporation or company or those operating in Kuwait from opening representative offices or bank branches in Korea.
However, Kuwait is not allowed to open or operate branches or subsidiaries or new representative offices of Korean banks. Financial companies and corporations operating in Kuwait are prohibited as well from undertaking joint operations with Korean banks.
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MENAFN1006201700450000ID1095547773
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