The US has warned Chinese banks and export companies of the consequences for helping to strengthen Russia's military capabilities. This was stated by US Treasury Secretary Janet Yellen after four days of talks in China. transmits Bloomberg.
"I emphasized that companies, including those located in the PRC, should not provide material support for Russia's war, and that they would face significant consequences if they did." said Ellen.
"Any banks that facilitate significant transactions for the supply of military or dual-use goods for Russia's defense industry expose themselves to the risk of US sanctions," - added the head of the US Treasury.
China has already received similar warnings from the US, but Yellen's statement in Beijing indicates an extraordinary level of the threat of sanctions, notes Bloomberg. It sounded on the same day when Russian Foreign Minister Sergey Lavrov arrived for negotiations in Beijing.
The Biden administration is trying to influence companies around the world that help Russia circumvent sanctions imposed in response to the 2022 invasion of Ukraine. The main weapon of the US against financial institutions is the ability of the Treasury Department to block their access to dollars, which poses a threat to the international operations of any bank.
We will remind you that earlier several Chinese banks immediately stopped accepting payments from Russia even in yuan, funds for such transactions are returned to Russian clients.
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