The News – Capital Media
The News – Capital Media
  • U.S. Blacklists China Bank, Revving Up Pressure over NKorea

  • 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.

MATTHEW PENNINGTON



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