China banks reportedly to halt business with North Korea

North Korea learned this week Chinese banks will no longer do business with the Hermit Kingdom, in the strongest sign yet pressure from the Trump administration to choke off funding to the rogue nation is working.

Chinese banks received a document Monday stating they should halt financial services and loans to new and existing North Korean customers as a result of strict U.N. sanctions passed earlier this month, a source told Reuters on Thursday.

“Our bank is fulfilling our international obligations and implementing United Nations sanctions against North Korea. As such, we refuse to handle any individual loans connected to North Korea,” the document reportedly said.

NORTH KOREA SAYS SANCTIONS BLOCK IMPORTS OF ATHLETES' GEAR

The move comes after repeated calls from the Trump administration for China to help cut the flow of money to Kim Jong Un's dictatorship in an effort to cripple the regime’s missile and nuclear programs. China and Russia agreed to the recent UN sanctions against North Korea, which included a ban on natural gas liquids and condensates. But Trump has explicitly called out China on Twitter, writing he’s “very disappointed” in the country and accusing them of “doing NOTHING for us with North Korea.”

China, North Korea's closest ally, has urged a diplomatic solution to solve the current crisis. “War Stories” host Lt. Col. Oliver North told Fox News on Monday, however, he believes China will only truly try to tame its volatile neighbor if it believes Trump could take military action.

“They [China] don’t think we are really sincere about military action. It’s going to take action, not words," North said.

China's surprising instructions to banks this week, however, were at least partially undermined when South Korea on Thursday approved $8 million in supposed humanitarian aid to North Korea.

Some South Korean officials fear the new aid will send a mixed signal to international leaders. Son Kim-ju, a lawmaker and spokesman of the opposition People’s Party, told The Associated Press the announcement is “badly timed.”

"The international community is strengthening sanctions and pressure against North Korea and even [President Moon Jae-in] is in the United States to strengthen international coordination against the North Korean problem," Son said. "If our government contradicts itself and beats to a different beat, it won't be able to gain the approval of its own people, let alone other countries."

http://www.foxnews.com/world/2017/09/21/china-banks-reportedly-to-h...

Views: 7

Reply to This

Replies to This Discussion

NOW all they have to do is stop the "illegal" trade with NK which is normally done on a cash basis and does not depend on the banks.

It would actually be a wonderful thing IF China follows through with that too. I don't think China wants to lose trade with the United States. 

RSS

Attention:

 

 

Please view our mission, policy, and legal disclaimer to learn about us by visiting the main menu.  Thank you.

PLEASE SIGN THE PETITION!

AGENDA 21/2030

http://bit.ly/2mqIVmH 

CONTACT CONGRESS!

Let your voice be counted!

House:  http://1.usa.gov/mHZjgo

Senate:  http://1.usa.gov/3UAs

 

 

PLEASE PRAY FOR OUR NATION.

 

 

national debt

Founders' Corner

Latest Activity

Robin replied to Robin's discussion BE AWARE!! ANTIFA...They’re calling #Nov4itBegins THE PURGE!!! ..... Antifa Hosting Violent Anti-Cop Workshops.... "Our Enemies In Blue":
"Bumping this back to the top. November 4th is fast approaching. Watch your backs and where you…"
10 hours ago
Robin replied to Lynn Rackoski's discussion NFL players’ union teamed up with Soros to fund leftist advocacy groups Tax documents show NFLPA activism goes beyond take-a-knee protests
"NFL to formally endorse criminal justice legislation, finance activism boot camp The league will…"
10 hours ago
Robin replied to Susan Taylor's discussion Las Vegas shooting: At least 59 dead in massacre Trump calls 'act of pure evil'
"Latest Revelations in Las Vegas Shooter Case Are Absolutely CHILLING This latest development in the…"
10 hours ago
Robin replied to Fundamental Refounding's discussion Bannon Enlists Troops for War Against GOP Establishment
"I can't stand Mitch!  McConnell throws shade at Bannon over Senate campaigns:…"
yesterday
Robin replied to Rick's discussion Trump administration pulling US out of UN agency over 'anti-Israel bias'
"I'm hoping the same thing, JG! Maybe down the road we will see this come to fruition. "
Sunday
Robin replied to Rick's discussion President Trump Signs Executive Order That Will Allow Sale of Health Insurance Across State Lines Order will 'create a truly competitive national marketplace, bring costs down'
"Trump Notices What’s Happened In US Just Days After He Signed Health Care Executive…"
Sunday
Robin replied to Robin's discussion EPA's Pruitt announces Trump administration scrapping Obama-era coal regs
"LOL Me too! The left is going nuts. Love it. "
Sunday
Jerseygal replied to Fundamental Refounding's discussion Bannon Enlists Troops for War Against GOP Establishment
"Yes we have!"
Sunday
JeansBrother replied to Fundamental Refounding's discussion Bannon Enlists Troops for War Against GOP Establishment
"We have seen it over and over again, haven't we."
Sunday
Robin replied to Fundamental Refounding's discussion Bannon Enlists Troops for War Against GOP Establishment
"This makes me nervous as well, JG. Don't know how this will all shake out, but, I know that…"
Sunday
Robin liked Fundamental Refounding's discussion Bannon Enlists Troops for War Against GOP Establishment
Sunday
Jerseygal liked Lynn Rackoski's discussion IT'S HERE: All the details of Trump's massive tax plan
Sunday
Jerseygal liked Rick's discussion Trump administration pulling US out of UN agency over 'anti-Israel bias'
Sunday
Jerseygal replied to Rick's discussion Trump administration pulling US out of UN agency over 'anti-Israel bias'
"Robin, it is! I agree....The UN should just get the hell out of NY and give that Manhattan real…"
Sunday
Jerseygal replied to Robin's discussion EPA's Pruitt announces Trump administration scrapping Obama-era coal regs
"I love it!! It’s hilarious to hear blue states suing the Trump administration for ending a…"
Sunday
Jerseygal replied to Fundamental Refounding's discussion Bannon Enlists Troops for War Against GOP Establishment
"I’m a little nervous about this too. A primary is different from a general election, and not…"
Sunday

TRAFFIC



© 2017   Fundamental Refounding.   Powered by

Badges  |  Report an Issue  |  Terms of Service