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Sanction-busting UK shell company exported coal from North Korea

British shell corporations are regularly identified as at risk of money laundering, asset secrecy and corruption - but reform is still yet to appear

Sanction-busting UK shell company exported coal from North Korea
2014: launch of Russian-North Korean coal terminal in the North Korean port of Rajin | (c) ITAR-TASS News Agency / Alamy Stock Photo. All rights reserved
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A British shell corporation was used to export North Korean coal, breaking United Nations sanctions, openDemocracy can reveal.

The firm, a limited liability partnership called Solgan Invest, shipped three consignments of anthracite, also known as hard coal, from the pariah state toRussia.

The anthracite was seized by customs officials on the far-eastern Russian island of Sakhalin in September 2017 – weeks after the UN imposed a trade ban on North Korean exports of coal, iron, lead and seafood.