North Korean workers carry boxes of seafood as they load a Chinese transport truck at the Suchae Bong Corp seafood factory in Rajin, North Korea. Jessica Bartlett, a senior associate at Freshfields Bruckhaus Deringer based in Hong Kong. says since the vast amount of trade between the countries is conducted in dollars, that would make it near impossible for many Chinese banks to do business if sanctions get tougher.
Alun John
Opinion

Opinion

Across The Border by Alun John

How US sanctions against North Korea could affect Chinese banks

Hawks in Washington want to impose secondary sanctions on Chinese banks that it alleges may have dealings with north Korean companies, and analysts say the banks would have little choice but to accept them

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North Korean workers carry boxes of seafood as they load a Chinese transport truck at the Suchae Bong Corp seafood factory in Rajin, North Korea. Jessica Bartlett, a senior associate at Freshfields Bruckhaus Deringer based in Hong Kong. says since the vast amount of trade between the countries is conducted in dollars, that would make it near impossible for many Chinese banks to do business if sanctions get tougher.
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