Mnuchin threatens new financial sanctions on China if it doesn't adhere to UN resolution on North Korea

US Treasury Secretary Steven Mnuchin told a conference broadcast on CNBC that China agreed to "historic" sanctions on North Korea on Monday in a UN Security Council vote.
US Treasury Secretary Steven Mnuchin told a conference broadcast on CNBC that China agreed to "historic" sanctions on North Korea on Monday in a UN Security Council vote.PHOTO: REUTERS

WASHINGTON (Reuters) - US Treasury Secretary Steven Mnuchin said on Tuesday (Sept 12) that if China doesn't follow the United Nations sanctions approved on North Korea, he will seek new financial sanctions on Beijing to cut off access to the US financial system.

Mr Mnuchin told a conference broadcast on CNBC that China agreed to "historic" sanctions on North Korea on Monday in a UN Security Council vote.

"If China doesn't follow these sanctions, we will put additional sanctions on them and prevent them from accessing the US and international dollar system, and that's quite meaningful," Mr Mnuchin said.