One of China’s biggest banks said Tuesday it has halted business with a North Korean bank accused by the U.S. of financing Pyongyang’s missile and nuclear programs in the latest sign of Beijing’s anger with its estranged ally.
The state-run Bank of China Ltd. has notified the Foreign Trade Bank of North Korea that its account or accounts were being closed and all financial transactions suspended, said a bank spokeswoman, reading a brief statement. The spokeswoman for the Beijing-based bank did not identify the number of accounts closed or provide further details.
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Associated Press via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/y767tmfcvNg/
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