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.
China, North Korea’s closest ally, has urged a diplomatic solution to solve the current crisis. “War Stories” host Lt. Col. Oliver North told Fox News on Monday, however, he believes China will only truly try to tame its volatile neighbor if it believes Trump could take military action. – READ MORE
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