U.S. Treasury Secretary Janet Yellen wrapped up four days of talks in China with a warning against any moves to bolster Russia¡¯s military capacity.
¡°I stressed that companies, including those in the PRC, must not provide material support for Russia¡¯s war, and that they will face significant consequences if they do,¡± Yellen said Monday in prepared remarks for a press conference at the U.S. ambassador¡¯s residence in Beijing, using an abbreviation for the People¡¯s Republic of China.
¡°Any banks that facilitate significant transactions that channel military or dual-use goods to Russia¡¯s defense industrial base expose themselves to the risk of U.S. sanctions,¡± she said.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.