- Obama not worried about Ebola at upcoming African summit in D.C.
- Obama: ‘We tortured some folks’ after 9/11
- Obama administration asked whole D.C. Circuit to take on major Obamacare case
- Mark Levin: Topple GOP leadership or country will ‘unravel’
- Massachusetts to let police chief deny gun buys to those deemed unfit
- John Kerry condemns attack on Israeli soldiers, kidnapping
- U.S. starts to evacuate American Ebola patients from West Africa: Report
- Geraldo slammed as ‘dummy’ for backing Clinton’s bin Laden claim
- Israeli spokesman: No need to debate who broke the cease-fire
- 35 Palestinians killed; Israeli officer missing
China cuts off North Korean bank, adding to pressure on Pyongyang
Question of the Day
China’s biggest foreign exchange bank has stopped doing business with its North Korean counterpart, in the first public move Beijing has taken to contribute to international pressure following Pyongyang’s illegal nuclear and missile tests.
Bank of China Ltd shut the account of North Korea’s state-run Foreign Trade Bank, which the U.S. government says is helping finance Pyongyang’s nuclear weapons program, Reuters reported Tuesday, citing a brief statement from Bank of China.
The statement gave no reason for the move and bank executives declined to comment further, Reuters said.
The closure is the first major, publicly announced step taken by any Chinese institution to curb dealings with North Korea following U.N. Security Council sanctions imposed in the wake of Pyongyang’s third nuclear test in February.
In March, the United States hit the the Foreign Trade Bank with sanctions prohibiting any U.S. companies or individuals from doing business with it.
Japan has also imposed sanctions, and Australia is expected to follow suit soon, Reuters said. Washington has also urged the European Union to sanction the Foreign Trade Bank and has raised the issue with China, although Beijing has not commented publicly.
© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.
About the Author
Shaun Waterman is an award-winning reporter for The Washington Times, covering foreign affairs, defense and cybersecurity. He was a senior editor and correspondent for United Press International for nearly a decade, and has covered the Department of Homeland Security since 2003. His reporting on the Sept. 11 Commission and the tortuous process by which some of its recommendations finally became ...
- Senator's memo shows Iran links in Homeland Security's troubled immigration program
- Help wanted: Homeland Security plagued by vacancies at the top
- Dems back bill to fix problems in investor visa program
- Democrats proceed with Mayorkas vote despite pending investigation
- NSA monitored 'World of Warcraft' players
Latest Blog Entries
TWT Video Picks
By Orrin G. Hatch
Procedural changes impede the chamber's traditional deliberative function
- U.N. condemns Israel, U.S. for not sharing Iron Dome with Hamas
- Border agents cleared of civil rights complaints from illegal immigrant children
- Obama military strategy too weak for future security, panel reports
- Ben Carson takes major step toward presidential campaign
- Porn-surfing feds blame boredom, lack of work for misbehavior
- Pentagon wants extra $19M to equip, train Ukrainian troops
- 'Big Bang' star Mayim Bialik helps send bulletproof vests to IDF
- Feds raid S.C. home to seize Land Rover in EPA emission-control crackdown
- Australia issues arrest warrant for men believed to be homegrown ISIL terrorists
- Iraq Christians get meeting with top Obama aide
Top 10 U.S. military helicopters
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors