Mediacom world news portal
North Korea faces financial isolation as President Trump signed an executive order Thursday that presents a steep ultimatum for its trade partners. The president met with Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae-In as he made his decision to sign the executive order publicly at the U.N. General Assembly. The executive order was designed to go after the financial institutions that support North Korean trade partners. The Treasury Department will now have the power to refuse account access to foreign banks that are helping to fund trade in North Korea.
President Trump stated, “Foreign banks will face a clear choice. Do business with the United States, or facilitate trade with the lawless regime in North Korea.”
“It is unacceptable that others financially support this criminal rogue regime.”