China steps up on North Korea: Chinese take 'gigantic step' to pressure Kim Jong-Un

Washington's Commerce Secretary Wilbur Ross said an
order for Chinese banks to stop doing business with
Pyongyang was a “logical next step in the sanctions,
and a very important one”.
Mr Ross said: ”Chinese commercial banks had been a
big route for facilitation of trade to North Korea so the
fact that the People’s Bank of China has put out a
taboo, that's a very big deal.”
Bosses at the People’s Bank of China (PBOC) - the
essentially the country’s central bank - sent out a
directive last instructing domestic banks to implement
United Nations sanctions against North Korea.
Kim Jong-un's North Korea faces economic sanctions
ordered by the People's Bank of China
Shocking North Korean
cartoon shows children
shooting missiles at America
Wed, September 27, 2017
An anti-American propaganda cartoon from North
Korea showing children shooting missiles at the
American navy has resurfaced. The cartoon is
thought to have been produced in the 1960s under
Kim Il-Sung, current leader Kim Jong-Un’s
grandfather, though relations have been getting
steadily worse since Kim Jong-Un became leader of
North Korea and Donald Trump became President
of America
PLAY
A still from a North Korean cartoon
[mediadrumworld.com]
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US Commerce Secretary Wilbur Ross has welcomed
China's sanctions move
The
Trump
administration has announced another round of
economic sanctions against Pyongyang, blacklisting
eight North Korean banks and 26 individuals the US
Treasury Department said were operating in China,
Russia, Libya and the United Arab Emirates.
The administration said the North Korean banks are
used to help finance development of weapons of mass
destruction, including nuclear bombs and the
individuals were working with the North Korean
financial system.
Treasury Secretary Steven Mnuchin said: “We are
targeting North Korean banks and financial facilitators
acting as representatives for North Korean banks
across the globe.
“This further advances our strategy to fully isolate
North Korea in order to achieve our broader objectives
of a peaceful and denuclearised Korean peninsula.”
The sanctions complement two other packages of
penalties approved unanimously by the 15-member
United Nations Security Council this summer, as well
as earlier US sanctions.
The UN sanctions target North Korean exports of
seafood, textiles and coal, and limit its imports of oil.
China remains reluctant to cut the impoverished
country’s oil supplies for fear of toppling the
government and triggering a refugee crisis that could
spill across its borders.
The United States believes tightening the economic
screws is key to forcing Kim's government to the
negotiating table, much as international sanctions
helped bring Iran to talks that produced a nuclear
disarmament accord in 2015
The sanctions come as Mr Trump and North Korean
despot Kim Jong-un traded insults and officials in
Pyongyang accused the US of declaring war.

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