G7 finance ministers discuss N. Korea, ‘maximum economic pressure’ to continue

Group of Seven (G7) finance ministers said Wednesday that they would continue to impose maximum economic pressure on North Korea. The country, they say, “evades international sanctions with a network of front and shell companies to access the global financial system,” Reuters reports. “We are concerned by North Korea’s evasion of international sanctions and its continued ability to access the international financial system,” the ministers said in a statement. Pyongyang “does little business in its own true name and uses a network of agents, front and shell companies, and complex ownership structures to access the international financial system,” according to the statement.