China’s Banks Ordered to Cease All Business with North Korea

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By Rich Mitchell

China’s central bank issued an order Thursday requiring all banks in the country to cease any and all business with North Korea.

The move comes on the same day as President Donald Trump’s announcement that he signed an executive order instructing the Secretary of the Treasury to cease all transactions with any person, entity, bank or nation that does any business with North Korea.

“They can do business with the United States or facilitate trade with the lawless regime of North Korea,” Trump told reporters before a luncheon with Japanese and South Korean leaders on Wednesday.

“For too long, North Korea has been able to abuse international shipping networks to fund its nuclear weapons programs,” Trump said.

Japanese Prime Minister Shinzo Abe thanked President Trump for his leadership on the North Korea crisis and pointed out his support for the executive order.

The luncheon included U.S., Japanese, and South Korean leaders and was to focus on trade between the three nations.

The article China’s Banks Ordered to Cease All Business with North Korea is original content from Conservative Daily News.

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