China halts cash flow to North Korea..Kim claims he has nukes
The four largest Chinese banks have stopped yuan and dollar cash transfers to North Korea, reports the Japanese newspaper Tokyo Shimbun.
The reported measure is part of rising international pressure on Pyongyang following its latest nuclear test and rocket launch earlier this year.
Last month, several Chinese banks reportedly froze suspended cash deposits and transfer services for accounts held by North Koreans.
Media reports, Beijing blocked money transfers to North Korea via China’s state-run banks, including Bank of China, Construction Bank, Industrial and Commercial Bank and Agricultural Bank.
Washington has accused North Korea of using banned ballistic missile technology during military exercises in January and February. Pyongyang has denied the charge.
The United Nations Security Council expanded existing sanctions against North Korea on Wednesday. The new list includes a ban on aviation-fuel shipments as well as mandatory inspection of all cargo going to and from Pyongyang.
The new punitive measures target the country’s commercial trade including exports of iron, gold, coal, titanium and rare-earth minerals. Weapons imports and exports fall under the ban as well. A dozen North Korean entities and sixteen individuals were added to the UN blacklist.
North Korea has developed miniaturised nuclear warheads which can be mounted on ballistic missiles, the country’s leader Kim Jong-un has claimed.
North Korean state media has said before that nuclear warheads have been miniaturised, but this is the first time Mr Kim has been quoted directly.
The validity of the country’s nuclear boasts has been widely questioned.
The notoriously secretive state said it detonated a hydrogen bomb in January, but experts dispute the claim.
“The four largest Chinese banks have stopped yuan and dollar cash transfers to North Korea, reports the Japanese newspaper Tokyo Shimbun.”
ouch..north korea cant do anything without chinese approval..and china is their lifeline..
there is as much chance of them hitting america with a nuke as their is of caityln jenner running for the 2020 presidency for the GOP..although..you never know..hmm.. 🙂
“miniaturised nuclear warheads”