Congressional Republicans prepare sanctions for Chicom banks doing business with North Korea

Washington Examiner:
A key House Republican is planning legislation imposing new sanctions on major Chinese banks and other entities that help North Korea circumvent international sanctions.

“How do you hold Russia and China accountable?” Rep. Ted Yoho, R-Fla., who chairs the House Foreign Affairs subcommittee for the Asia-Pacific, told the Washington Examiner. “That's really where the fight is going to be on bringing North Korea to the table.”

The Florida Republican met Friday with State Department officials, after an initial move Thursday to coordinate his effort with the House Financial Services Committee. It’s an effort to stiffen the implementation of sanctions in one area where some North Korea hawks believe the administration’s pressure campaign has been soft.

“We're either serious about bringing this to an end or we're going to repeat the mistakes of the last three administrations,” Yoho said.

The Trump administration has vowed not to make such errors. Secretary of State Mike Pompeo reiterated that North Korea would receive no economic sanctions relief “until denuclearization is complete” during a July 8 press conference.
...
The expanded sanctions should give both China and North Korea an incentive to proceed quickly to North Korean denuclearization.

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