RealNews

Chinese banks stop transfers to N. Korea

Chinese banks have stopped financial transfers to North Korea under government orders as part of sanctions imposed for Pyongyang’s nuclear test, bank employees said Friday, in a possibly serious blow to the country’s frail economy. China is North Korea’s main trading partner and aid donor, and the disruption of financial transfers is a forceful expression of Beijing’s anger at the Oct. 9 nuclear test by its isolated ally. It is a break with China’s earlier reluctance to use economic pressure against the North for fear its ally’s government might collapse. Full Story

OODA Analyst

OODA Analyst

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