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.
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.”
Source: Fox News