The US Senate Banking Committee has unanimously approved new sanctions against North Korea amid President Donald Trump’s tour of Asia.
The sanctions over Pyongyang’s intercontinental ballistic missile program target all the financial institutions in China and elsewhere that help finance Kim Jong-un’s government.
The “Otto Warmbier Banking Restrictions Involving North Korea (BRINK) Act,” which was approved on Tuesday, also aims to bolster existing sanctions on the country and congressional oversight.
“The time has come for the US to take the lead to ensure that all nations work together to isolate the Kim regime until it has no choice but to change its dangerous, belligerent behavior,” said Banking Committee Chairman Mike Crapo (R-Idaho) in a statement after the vote.
The…