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Bank of China halts remittances to N. Korea
 BEIJING, Oct. 17 KYODO: The Bank of China, one of China's big four state-owned commercial banks, has halted remittances of funds to North Korea from at least some of its branches since Monday, bank officials said Tuesday.The move comes just over a week after North Korea announced it carried out an underground nuclear test, which led the U.N. Security Council to pass a resolution Saturday that paves the way for economic and diplomatic sanctions against the country. China, North Korea's traditional ally and main aid benefactor, also supported the resolution. Posted by: Steve White 2006-10-17 |
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