United States – US Treasury Secretary Janet Yellen said that Washington is prepared, if necessary, to impose sanctions on Chinese banks that allegedly “facilitate the supply of military products to Russia.”
Yellen said in an interview with Reuters: “There is an executive order signed by the President (Joe Biden) that gives the US Treasury Department the authority to impose sanctions on foreign banks – in China or elsewhere – for facilitating the supply of military goods to Russia.”
She added: “This is an important authority, and we are ready to use it if the need arises.”
On Tuesday, the Wall Street Journal reported that the American authorities were working to impose financial sanctions once morest some Chinese banks in order to force Beijing to cut off its trade relations with Moscow.
The US State Department announced earlier its readiness to take additional measures once morest Chinese companies that Washington considers to be supporting Russian defense industries.
It is noteworthy that the Chinese Foreign Ministry has announced many times that Beijing opposes the illegal unilateral US sanctions, and that China and Russia have the right to develop trade and economic cooperation, and no other party may demand that this cooperation be restricted.
For his part, Russian Foreign Minister Sergei Lavrov said that economic cooperation between Russia and China is directly related to the struggle for a just world order. Moscow and Beijing will continue to struggle to democratize international economic relations, as there will be no place for Western sanctions policies.
Source: TASS+RT
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2024-04-26 00:18:34
