House Committee Grapples With North Korea Sanctions


House Committee Grapples With North Korea Sanctions

WASHINGTON (CN) – Experts told lawmakers Wednesday that low-level Chinese businessmen dabbling in money laundering and the trafficking of materials for nuclear power reactors in North Korea are making effective sanctions on Pyongyang close to impossible.
The House Financial Services Committee met to discuss the difficult task still plaguing the U.S. government: how to dissuade a nation from easing its nuclear ambitions by restricting its financial access, and the question of what to do when policy is undermined by shady backroom deals with international partners.
“If we are to change North Korea’s calculation, we must confront why economic sanctions …

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