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21 Sep 2017
US Pres. Trump announces executive action targeting companies trading with N. Korea - LiveSquawk
US President Trump recently announced that he was giving an executive order targeting individual companies that were trading with North Korea, as reported by LiveSquawk.
Key quotes (via LiveSquawk):
- Aim of order is to cut off sources of revenue to N.Korea
- PBoC has told Chinese banks to end N.Korea business
- Effort will target N.Korean shipping, trade networks
- Order gives treasury discretion to sanction foreign banks that conduct transactions tied to trade with N.Korea