Treasury Secretary Janet Yellen warned against any potential aid to Russia from Chinese banks during her recent trip to China, offering an assertion that such action could warrant sanctions.: Yellen alluded to significant consequences if any companies, including those in the People's Republic of China, provided material support to Russia's war efforts during a press conference marking the end of her China visit.
“While we have more to do, I believe that, over the past year, we have put our bilateral relationship on...Treasury Secretary Janet Yellen warned in Beijing on Monday that Chinese banks that facilitate support for Russia amid its war in Ukraine could face U.S. sanctions. “I stressed that companies, including those in the PRC, must not provide material support for Russia’s war and that they will face significant...U.S. Treasury Secretary Janet Yellen met with Chinese Premier Li Qiang, where she boasted about improving relations with the communist nation.
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