December 27, 2006

HOW MUCH MOE ISOLATED CAN THEY GET?

Vietnam bank tightens screw on Pyongyang (Anna Fifield, December 27 2006, Financial Times)

North Korea has been isolated further from the global financial system with the decision of a Vietnamese bank to order the immediate closure of all accounts linked to Pyongyang.

East Asia Commercial Bank made the move even as diplomats tried to make progress during six-party nuclear talks last week.

The isolation of North Korea has overshadowed efforts to persuade Kim Jong-il’s regime to abandon its nuclear weapons programme, with Pyongyang refusing to discuss nuclear issues while the US-led crackdown continues.

Since the US started targeting the regime’s financial activities a year ago, banks, including those in friendly communist countries such as China and Vietnam, have closed North Korean accounts, making it near-impossible for Pyongyang to transfer money, illicitly earned or otherwise.


As in Iraq pre-2003, we're punishing the people when we should change the regime.

Posted by Orrin Judd at December 27, 2006 10:48 PM
Comments

You think ordinary North Koreans maintain bank accounts in Vietnam?

This is targeting the regime.

Posted by: pj at December 28, 2006 10:12 AM

Who suffers?

Posted by: oj at December 28, 2006 11:41 AM

The same people who are suffering now and will continue to suffer if we "change the regime" by other than peaceful means.

Let their neighbors take care of NK. All those Chinese men who can't find wives because all the female masses of unviable tissue were aborted, should be able to find a nice girl in NK, and helping out North Koreans starving not only for food, but for cultural updates could be a project for all those disaffected Japanese yoots.

Posted by: erp at December 28, 2006 12:50 PM
« I'M FINE, YOU'RE NOT SO HOT: | Main | CULTURE OF DEATH: »