U.S. targets Chinese bank, company, two individuals over North Korea

Reuters News
Posted: Jun 29, 2017 2:22 PM

WASHINGTON (Reuters) - The United States on Thursday imposed sanctions on two Chinese citizens and a shipping company for helping North Korea's nuclear and missile programs and accused a Chinese bank of laundering money for Pyongyang.

A Treasury statement named the bank as the Bank of Dandong and the firm as Dalian Global Unity Shipping Co Ltd. It named the two individual as Sun Wei and Li Hong Ri.

The statement quoted U.S. Treasury Secretary Steven Mnuchin as saying that the steps were taken as part of efforts to maximize pressure on North Korea to abandon its weapons programs.

"The United States is sending an emphatic message across the globe that we will not hesitate to take action against persons, companies and financial institutions who enable this regime."

The U.S. move came as U.S. President Donald Trump was due to meet South Korean President Moon Jae-in at the White House on Thursday to discuss steps to push North Korean to abandon its weapons programs, which have become an increasing threat to the United States.

(Reporting by David Brunnstrom and Joel Schectman; editing by Diane Craft)