US Congress Calls for Sanctions against Chinese Banks

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“Chinese customs stopped processing cargo from North Korea two weeks ago”, said this individual, who has close knowledge of a Chinese company that outsources apparel production to the North.

“The forthcoming measures by DPRK will make the United States suffer the greatest pain it ever experienced in its history”, he added.

The US watered down an initial tougher draft resolution to win the support of China and Russian Federation.

U.S. Ambassador to the U.N. Nikki Haley has called oil “the lifeblood of North Korea’s effort to build and deliver a nuclear weapon”.

“The North Korean regime presents an imminent danger to world peace, and it is encouraging that the permanent members of the Security Council have been able to reach agreement on a package that should de-escalate tensions and open the way for a diplomatic solution such as that proposed by the government of Germany”.

South Korea says it has found a small amount of radioactive element from air samples it collected following North Korea’s latest nuclear test.

An earlier determination to target Kim Jong-un personally with a travel ban and freeze on overseas assets also ran into opposition, although the adopted measure, Security Council resolution 2375, does target key organs of the regime including the Kim Jong-un-chaired Central Military Commission and the department responsible for propaganda.

North Korea, Han said without elaborating, is poised to “use a form of ultimate means”.

It has been reported that China’s financial institutions have been accused of laundering funds used by North Korea to facilitate intercontinental ballistic missile and nuclear warhead development.

Ms Haley has dismissed it as insulting.

But China and Russian Federation, which both hold veto power in Security Council, would only agree to the compromise version enacted, and both expressed their determination to see a return to dialogue to resolve the issue.

“The army and people of the DPRK are unanimously demanding that the Yankees, chief culprit in cooking up the “sanctions resolution”, be beaten to death as a stick is fit for a rabid dog”, he said in a statement carried by the official KCNA news agency. “As an important goal in this context, the Republic of Kazakhstan, standing for the urgent resumption of the multilateral negotiation process on this issue, also sees the soonest and constructive settlement of the problem of nuclear weapons on the Korean peninsula”. He called on North Korea to “take seriously” the will of the worldwide community to halt its nuclear and ballistic missile development.

The paper said it should not be a complete stop in supply, and also pointed out the range of conditions under which a humanitarian disaster would not occur in North Korea. Almost 80% went to China. “Through implementing the new United Nations Security Council resolution and related agreements, the global community as a whole needs to maximise pressure on North Korea so that it will change its policy”.

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While China appears to be responding to the requirements of United Nations sanctions, it is also possible that China is concerned about punitive actions by the The Trump administration. which has been consistently pushing China to do more to rein in its nuclear neighbor.

Is China Finally Reining in North Korea

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