TOKYO - Trump administration considering sanctions against Chinese companies trading crude oil with North Korea. The administration of US President Donald Trump is considering unilateral sanctions against Chinese trading companies engaged in crude oil trade with North Korea, according to sources close to the US government. China state banks in crosshairsOn August 22, the US government unilaterally sanctioned Russian firms engaged in crude oil trade with North Korea, freezing their assets among other measures. Sources have said Chinese companies shipping oil to the North will also probably be targeted by future US sanctions. Billingsley indicated that the US government would sanction other Chinese financial institutions.

Source: The China Post September 14, 2017 11:26 UTC