Top China Bank Shuts Key N. Korea Account
The state-owned Bank of China has shut the account of a North Korean bank the U.S. accuses of backing Pyongyang's nuclear program, Dow Jones said Tuesday, citing a statement from the Chinese entity.
"The Foreign Trade Bank of North Korea, the country's main foreign-exchange bank, has been told its account has been closed," Dow Jones reported. It would be the first openly acknowledged move by a Chinese institution against North Korean interests in the current stand-off.
Source: Agence France Presse
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