The announcement reflects growing U.S. frustration over China's efforts to enforce international sanctions
, photo: AP/Evan Vucci
29 of June 2017 13:36:47
WASHINGTON – The Trump administration has blacklisted a small Chinese bank accused of illicit dealings with North Korea, escalating pressure to get Beijing to rein in its wayward ally.The Treasury Department says that the Bank of Dandong is a "primary money-laundering concern." It is proposing severing the bank from the U.S. financial system, pending a 60-day review period.
The announcement reflects growing U.S. frustration over China's efforts to enforce international sanctions intended to starve North Korea of revenue for its nuclear and missile programs.Dandong is a northeastern Chinese city on the North Korean border and a gateway for trade with the isolated nation.The U.S. also slapped sanctions Thursday on a Chinese shipping company and two Chinese people that it says have facilitated illegal activities by North Korea.
Steve Mnuchin: "We are committed to targeting North Korea's external enablers and maximizing economic pressure." https://t.co/JvFecNY0Eu— NBC Politics (@NBCPolitics) June 29, 2017