(MENAFN) On the back of intensifying stressed relations between North Korea and China, the latter's banks have frozen accounts belonging to North Koreans, based on recent reports.
In accordance, a branch of China's biggest bank Industrial and Commercial Bank of China (ICBC) was on top of those banks, and this drastic action will most likely please both S. Korea and the US.
After N. Korea's Feb-7 rocket launch and January's nuclear test, Washington and Seoul have been pursuing support from Beijing, Pyongyang's chief ally for tougher sanctions against the rogue nation.
Furthermore, the United States' president has recently signed into law legislation extending sanctions to punish the East Asian Republic for its nuclear program, human rights record and cybercrimes.
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