Alwaght- Washington warned Beijing over not complying with new sanctions regime against North Korea with the US Treasury Secretary saying China could face more economic sanctions if it does not implement revised restrictions.
"North Korea economic warfare work …We sent a message that anybody who wanted to trade with North Korea – we would consider them not trading with us," Steven Mnuchin said onTuesday.
The Treasury Secretary threatened “If China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the US and international dollar system."
Echoing the words of Mnuchin, chairman of US House of Representatives Foreign Affairs Committee called on White House to target major Chinese banks, including the Agricultural Bank of China and the China Merchants Bank for dealing with Pyongyang.
Ed Royce said China was apparently reluctant to follow through on the sanctions adopted by the UN Security Council (UNSC) against the North. “It’s been a long, long time of waiting for China to comply with the sanctions that we pass and, frankly, with the sanctions that the United Nations passed,” he said.
The committee chair went on to say the US could give Chinese banks and companies “a choice between doing business with North Korea or the United States.” He added that the US should also “go after banks and companies in other countries that do business with North Korea the same way."