{"id":25563,"date":"2017-09-13T06:36:34","date_gmt":"2017-09-13T11:36:34","guid":{"rendered":"http:\/\/olduvai.ca\/?p=25563"},"modified":"2017-09-13T06:36:34","modified_gmt":"2017-09-13T11:36:34","slug":"us-threatens-to-cut-off-china-from-swift-if-it-violates-north-korea-sanctions","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=25563","title":{"rendered":"US Threatens To Cut Off China From SWIFT If It Violates North Korea Sanctions"},"content":{"rendered":"

US Threatens To Cut Off China From SWIFT If It Violates North Korea Sanctions<\/a><\/h3>\n
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In an unexpectedly strong diplomatic escalation, one day after China agreed to vote alongside the US (and Russia) during Monday’s United National Security Council vote in passing the watered down North Korea sanctions, the US warned that if China were to violate or fail to comply with the newly imposed sanctions against Kim’s regime, it could cut off Beijing\u2019s access to both the US financial system as well as the “international dollar system.”<\/strong><\/p>\n

Speaking at CNBC’s Delivering Alpha conference on Tuesday, Steven Mnuchin said that China had agreed to “historic” North Korean sanctions during Monday’s United Nations vote. “We worked very closely with the U.N.\u00a0 I’m very pleased with the resolution that was just passed.\u00a0 This is some of the strongest items.\u00a0 We now have more tools in our toolbox, and we will continue to use them and put additional sanctions on North Korea until they stop this behavior.”<\/p>\n

In response, Andrew Ross Sorkin countered that “we haven’t been able to move the needle on China, which seems to be the real mover on this, in terms of being able to apply the real pressure. What do you think the issue is?\u00a0 What is the problem?”<\/p>\n

The stunner was revealed in Mnuchin’s answer: “I think we have absolutely moved the needle on China.\u00a0 I think what they agreed to yesterday was historic.\u00a0 I’d also say I put sanctions on a major Chinese bank.\u00a0 That’s the first time that’s ever been done.\u00a0 And if China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the U.S. and international dollar system.\u00a0 And that’s quite meaningful<\/strong>.”<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

US Threatens To Cut Off China From SWIFT If It Violates North Korea Sanctions In an unexpectedly strong diplomatic escalation, one day after China agreed to vote alongside the US (and Russia) during Monday’s United National Security Council vote in passing the watered down North Korea sanctions, the US warned that if China were to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[130,2006,1109,1068,15979,827],"class_list":["post-25563","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-china","tag-north-korea","tag-sanctions","tag-swift","tag-un-national-security-council","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25563"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25563\/revisions"}],"predecessor-version":[{"id":25564,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25563\/revisions\/25564"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}