Speaking in the WH

  • China has told banks to stop doing business with N. Korea
  • Unacceptable that entities financially support North Korean regime
  • new order will cut off revenue that funds North Korea's efforts to develop weapons
  • effort will also target North Korea's shipping, trade networks
  • new order gives treasury discretion to sanction for banks that conducts transactions tied to trade with North Korea
  • New order targets only one country, North Korea
  • Will discussed with South Korea's President Moon and Japan's Abe what more they can do on North Korea crisis