Flags of U.S. and China are placed for a meeting in Beijing, China June 30, 2017. Jason Lee
Reuters: Exclusive: U.S. prepares new sanctions on Chinese firms over North Korea ties - officials
WASHINGTON (Reuters) - Frustrated that China has not done more to rein in North Korea, the Trump administration could impose new sanctions on small Chinese banks and other
firms doing business with Pyongyang within weeks, two senior U.S. officials said.
The U.S. measures would initially hit Chinese entities considered "low-hanging fruit," including smaller financial institutions and "shell" companies linked to North Korea’s nuclear and missile programs, said one of the officials, while declining to name the targets.
It would leave larger Chinese banks untouched for now, the official said.
Read more ....
WNU Editor: This is sending a chill in Beijing ... and this is not helping them .... China trade with sanctions-struck North Korea up 10.5 percent in first half (Reuters).
The U.S. measures would initially hit Chinese entities considered "low-hanging fruit," including smaller financial institutions and "shell" companies linked to North Korea’s nuclear and missile programs, said one of the officials, while declining to name the targets.
It would leave larger Chinese banks untouched for now, the official said.
Read more ....
WNU Editor: This is sending a chill in Beijing ... and this is not helping them .... China trade with sanctions-struck North Korea up 10.5 percent in first half (Reuters).
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