U.S. Treasury Secretary warns Chinese banks of "significant consequences" if they help Russia
Kyiv • UNN
U.S. Treasury Secretary Janet Yellen warned Chinese banks and exporters of "significant consequences" if they help strengthen Russia's military capabilities or help Moscow evade sanctions imposed over its invasion of Ukraine.
U.S. Treasury Secretary Janet Yellen concluded four days of talks in China by warning the country's banks and exporters of the consequences if they help strengthen Russia's military capabilities. This was reported by Bloomberg, according to UNN.
I emphasized that companies, including those based in China, should not provide material support to Russia's war, and that they would face significant consequences if they did,
Details
She also noted that any banks that facilitate large transactions that send military or dual-use goods to the Russian defense industry are at risk of US sanctions.
The publication notes that the administration of US President Joe Biden is trying to crack down on firms around the world that help Russia avoid the network of sanctions that the United States and its allies have imposed on Moscow after its invasion of Ukraine in 2022.
Addendum
U.S. Secretary of State Anthony Blinken said that China's assistance to the military-industrial complex of the Russian Federation is "on a scale that is worrisome." In her turn, US Treasury Secretary Janet Yellen warned that companies that help Russia will face serious consequences.
