Geopolitics Alpha

US sanctions 10 North Korean and Russian nationals for role in IT worker fraud

Published . Updated .

US sanctions 10 North Korean and Russian nationals for role in IT worker fraud

The U.S. has announced new sanctions against 10 North Korean and Russian nationals for their role in IT worker schemes that “defraud American businesses” and generate revenue for Pyongyang’s weapons programs. In a press release on Wednesday, the U.S. Department of the Treasury’s

Directly affected

  • No company is named in this report.

Indirectly affected

  • USO United States Oil Fund+4.8% 30d

    United States Oil Fund: its price follows crude oil. Linked by “russian” (oil) in this story.

  • XLE Energy Select Sector SPDR+6.5% 30d

    Energy Select Sector SPDR: its price follows crude oil. Linked by “russian” (oil) in this story.

  • ITA iShares U.S. Aerospace & Defense ETF-4.2% 30d

    iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “weapons” (defense) in this story.

  • UNG United States Natural Gas Fund-7.0% 30d

    United States Natural Gas Fund: it follows natural-gas prices. Linked by “russian” (natural gas) in this story.

  • EWY iShares MSCI South Korea ETF-10.4% 30d

    iShares MSCI South Korea ETF holds stocks listed in South Korea, which this story is about (“korean”).

  • XOM ExxonMobil Holdings+9.0% 13d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “russian” (oil) in this story.

  • LMT Lockheed Martin+16.0% 30d

    Lockheed Martin (guided missiles and space vehicles and parts): defense contractors gain when military spending rises. Linked by “weapons” (defense) in this story.

  • CVX Chevron+7.9% 30d

    Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “russian” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
USO-2.52%-0.26%baseafter closeafter closeafter closeafter close
XLE-1.29%+1.72%baseafter closeafter closeafter closeafter close
ITA-1.57%-0.30%baseafter closeafter closeafter closeafter close
UNGNo price data for this ticker———————
EWYNo price data for this ticker———————
XOM-2.14%+1.35%baseafter closeafter closeafter closeafter close
LMT-6.34%+0.84%baseafter closeafter closeafter closeafter close
CVXNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

US sanctions 10 North Korean and Russian nationals for role in IT worker fraud NK News

Source: NK News

This story

CompanyWhenMoveStatus
ITAthree days earlier-0.30%final price
ITAfive days earlier-1.57%final price
LMTthree days earlier+0.84%final price
LMTfive days earlier-6.34%final price
USOthree days earlier-0.26%final price
USOfive days earlier-2.52%final price
XLEthree days earlier+1.72%final price
XLEfive days earlier-1.29%final price
XOMthree days earlier+1.35%final price
XOMfive days earlier-2.14%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100

“US sanctions 10 North Korean and Russian nationals for role in IT worker fraud” scores 12 out of 100. The score uses 1 sources.