US Treasury Secretary warns Chinese banks against helping Russia confront sanctions
US Treasury Secretary Janet Yellen warned on Monday that Chinese banks facilitating support for Russia amid its war in Ukraine could face US sanctions.
Yellen said. , in statements during a press conference at the conclusion of her trip to China: “We remain concerned about the role that any company, including those in China, plays in Russian military purchases.”
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Yellen continued, according to “The Hill” newspaper: American: “I stressed that companies, including those in China, should not provide material support for Russia’s war, and that they will face serious consequences if they do,” stressing that any banks that facilitate large transactions that direct military or dual-use goods To the Russian defense industrial base, it exposes itself to the risk of US sanctions.
The administration of US President Joe Biden has previously warned China against supporting Russia’s war against Ukraine, which has now extended for more than two years.
US Secretary of State Anthony Blinken said last year that Beijing had provided Moscow with non-lethal aid, and was considering sending lethal aid.
Blinken, Yellen and other US administration officials issued stern warnings to the Chinese government, and the State Department imposed sanctions on several Chinese companies that it said were violating export control measures imposed on Russia.
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Yellen’s latest warning to Chinese banks comes as additional US aid to Ukraine has stalled in Congress in the face of Republican opposition.
