Finance minister issues order in response to North Korean money-laundering fears

After U.S. President Donald Trump's Twitter-bashed China's furtive efforts to sell refined oil to North Korea on the high seas, China suddenly announced on January 5 that it would immediately impose a wide-ranging embargo against North Korea to "implement UN Resolution 2397". Several news reports have indicated that China will not be attending.

That's a fine idea, except two of the top players in the region and the countries believed to have the most influence on North Korea- China and Russian Federation - aren't invited.

Finance Canada deputy spokeswoman Jocelyn Sweet said the directive came after the Financial Action Task Force raised concerns about - and urged a harder line against - North Korean money laundering in November. "Discussions will focus on advancing and strengthening diplomatic efforts toward a secure, prosperous and denuclearized Korean peninsula". The official said Canada never got to the "juncture" of inviting China to the actual summit because there was an awareness that Chinese views on the way to move forward are different than those in North America.

Foreign Ministry spokesperson Lu Kang told reporters on Wednesday that the talks will only create divisions in the global community.

"All parties should work to defuse tensions and promote dialogue, rather than blindly resort to pressure and isolation".

"Frankly speaking, we can not regard this idea other than the relapse of the Cold War mindset, especially inappropriate against the backdrop of the recent signs of a movement towards a dialogue between the North and South of the Korean Peninsula", Zakharova told during a briefing.

Inc. MA Has $849000 Position in Wal-Mart Stores, Inc. (WMT)
Sterne Agee CRT maintained the stock with "Buy" rating in Tuesday, August 4 report. (NYSE: WMT ) rating on Monday, October 2. It dropped, as 44 investors sold CELG shares while 457 reduced holdings. 117 funds opened positions while 547 raised stakes.

Speaking to the Star on Friday, Shin said the nations gathering at the summit must strike a balance between stiff economic sanctions and a willingness to talk as they attempt to shut down North Korea's nuclear program.

He also said that China would continue to make its own efforts to push the peninsula nuclear issue back to the track of dialogue and consultation as well as settlement.

"China is working with us".

"We will be discussing with our partners and allies the kind of steps that we can take on maritime interdiction and also to be cutting, disrupting funding and disrupting resources", he said. "This is not an alternative to everything that we are doing", Hook said.

Kang and Tillerson held a telephone conversation earlier in the day, talking about the recently-held high-level talks between South Korea and the Democratic People's Republic of Korea (DPRK) and ways to strengthen cooperation between South Korea and the United States.

Latest News