N. Korean envoy: Pressure could trigger war - Page 3

N. Korean envoy: Pressure could trigger war
July 17th, 2006  
N. Korean envoy: Pressure could trigger war
Anyone else see the latest... Hu Jintao agrees with the US on North Korea and Bush declares his commitment to the "one China principle" and warns against "unilateral action leading towards Taiwan independance.


Its in seperate stories on Google news and the site is being blocked right now for some reason or I'd throw up the links... damnit.
July 24th, 2006  
U.S.: Iranians witnessed N. Korea missile tests

Assistant secretary of state says growing relationship is worrisome

WASHINGTON - One or more Iranians witnessed North Korea’s recent missile tests, deepening U.S. concerns about growing ties between two countries with troubling nuclear capabilities, a top U.S. official said Thursday.
Asked at a U.S. Senate hearing about reports that Iranians witnessed the July 4 tests, Assistant Secretary of State Chris Hill, the chief U.S. negotiator with Pyongyang, replied: “Yes, that is my understanding” and it is “absolutely correct” that the relationship is worrisome.
Hill’s comments are believed to be the first public U.S. confirmation that Iranian representatives observed the seven tests, which involved one launch of a long-range ballistic missile, which failed soon after being fired, and six tests of short and medium-range missiles. Hill said the six succeeded in hitting their target range.
But U.S. officials have long said that Iran and North Korea have been collaborating and have expressed serious concerns that cash-strapped Pyongyang was keen to sell missiles and possibly also nuclear material.
“Our understanding is that North Korea has had a number of commercial relations in the Middle East with respect to missiles,” Hill said.
North Korea-Iran ties are of even more concern now as the militant Islamic group Hezbollah, which is backed by Iran, is trading rocket fire with Israel, Hill and Republican Sen. George Allen of Virginia said during the hearing of the Senate Foreign Relations Committee

if these two become the ally, US will have a stronger headache.
July 28th, 2006  
BOC linked to Pyongyang freeze

The Bank of China has frozen North Korean accounts in response to a US- led crackdown on Pyongyang's alleged illegal financial activities, according to a South Korean legislator.

Tuesday, July 25, 2006

The Bank of China has frozen North Korean accounts in response to a US- led crackdown on Pyongyang's alleged illegal financial activities, according to a South Korean legislator.
BOC's move was tantamount to China imposing sanctions on its long- time ally, Park Jin, a key member of the main opposition Grand National Party said Monday.

"I understand North Korea is even more frustrated because it regards the freezing of its accounts in China as virtual sanctions," he said in an interview with the Munhwa newspaper.

Park, who has just returned from a trip to Washington, quoted former and incumbent US officials as saying that Washington was aware of Beijing's move late last year when it accused Macau-based Banco Delta Asia of helping Pyongyang launder earnings from counterfeiting US bank notes.

Park said that he had also heard that North Korea was suspected of counterfeiting yuan banknotes as well as US dollars.

"So China cannot but launch separate sanctions on counterfeiting and money laundering by North Korea,' he said. "I understand cooperation is under way between the United states and China to stop North Korea's illegal activities."

However, mainland government and banking officials refused to comment Monday on the report.

"If we have an answer we will tell you, if we don't have an answer we won't tell you," a BOC spokesman surnamed Miao said, refusing to comment further.

The Foreign Ministry also declined to comment on the issue, with a spokeswoman referring queries to the BOC and the central bank. The US Treasury Department in September told US financial institutions to stop dealing with Banco Delta Asia.

A month later, the US blacklisted eight North Korean companies allegedly involved in the spread of weapons of mass destruction. Pyongyang has responded to the US sanctions by boycotting six-party talks aimed at ending its nuclear weapons program.

Park said that North Korea moved its accounts to other Chinese banks after US officials launched an investigation into Banco Delta Asia. "I understand the Bank of China stopped dealing with North Korea as the United States expanded its probe," he said. North Korea fears the US probe may affect its accounts in Singapore, Austria, Switzerland and Russia, he said.

BOC is the mainland's second largest bank and recently listed in Hong Kong where it raised more than US$11 billion (HK$85.8 billion) in one of the largest new share offers ever. It traditionally conducted forex business for mainland groups and companies but has expanded its range in recent years.

china finally started to make a move.
N. Korean envoy: Pressure could trigger war

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