Trump sanctions Chinese bank in bid to rein in North Korea [View all]
Source: CNN Money
On Thursday, the Treasury Department announced a series of sanctions and measures it plans to take. Among them: severing U.S. financial ties with China's Bank of Dandong, which the administration claims acts as a pipeline to support alleged illicit North Korean financial activity.
Treasury also slapped sanctions on two Chinese individuals and one Chinese company.
The moves come in response to North Korea's ongoing efforts to build missiles and its violations of U.N. Security Council resolutions.
In a statement, Treasury Secretary Steven Mnuchin pledged U.S. commitment to maximize pressure on North Korea until it abandons its nuclear and ballistic missile program.
Read more: http://money.cnn.com/2017/06/29/news/economy/trump-sanctions-china-north-korea/index.html?sr=twCNN062917trump-sanctions-china-north-korea0623PMStoryLink&linkId=39248939
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