News North Korean bank’s demands ‘stopped’ UN banking channelForeign Trade Bank wants sanctions lifted before it will play role in U.N. banking channel, says Russia’s Sputnik Bank Longtime efforts to restore a stable banking channel for international humanitarian operations in North Korea have reached a screeching halt due to demands from the nominated Pyongyang banking partner, Russia’s Bank Sputnik told NK Pro on Monday. Bank Sputnik, which previously helped the U.N. send money to North Korea despite major sanctions against the country’s banking sector, said its DPRK partner, the Foreign Trade Bank, is now posing major obstacles to resuming regular service. That’s despite years of U.N. efforts to reconnect the isolated country with the global financial system. [p© Korea Risk Group. All rights reserved. |