Watch UN Ambassador Nikki Haley discuss the banking sanctions against North Korea

If you are experiencing issues watching this video, tap here to view it in your browser.

[The stream is slated to start at 4:30 p.m. ET. Please refresh the page if you do not see a player above at that time.]

U.S. Ambassador to the United Nations Nikki Haley will address the latest round of U.S. sanctions against North Korea, which target foreign banks that do business with North Korean companies, nationals or the regime of Kim Jong Un.

Secretary of the Treasury Steve Mnuchin announced the sanctions earlier in the day, telling reporters that foreign banks "can choose to do business with the United States, or with North Korea, but not both."

The new sanctions came just hours after reports emerged that the Bank of China will stop doing business with North Korea, the most serious sign to date that Beijing is unwilling to accept North Korea's recent increase in missile launches and bomb tests.


Get the best of CNBC in your inbox

Please choose a subscription

Please enter a valid email address
Get these newsletters delivered to your inbox, and more info about our products and service. Privacy Policy.