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Reuters

The UN says China can do the most to impose economic pain on Kim Jong-un’s regime

China has reacted angrily to a US decision to impose sanctions on a Chinese bank accused of laundering North Korean money.

A foreign ministry spokesman urged the US to “stop wrongful actions” to avoid harming co-operation.

The US announced the move, as well as sanctions on a Chinese shipping company and two Chinese nationals, on Thursday.

It said the blacklisting was aimed at cutting funds to North Korea’s weapons programmes.

“We will follow the money and cut off the money,” Treasury Secretary Steven Mnuchin told a news conference.

But he said the move was not a response to Chinese inaction on North Korea, saying: “This is not directed at China, this is directed at a bank, as well as individuals and entities in China.”

The UN has already imposed several rounds of sanctions on Pyongyang, but China is widely seen as the nation most able to impose economic pain on North Korea. Get the full story here