The U.S. has warned of “significant consequences” if Chinese firms aid Moscow’s war on Ukraine, marking one of its sternest messages to Beijing.
Following discussions in Guangzhou on Friday and Saturday, the U.S. Treasury Secretary, Janet Yellen, “emphasized that companies, including those in the PRC, must not provide material support for Russia’s war against Ukraine … and the significant consequences if they do so,” reported The Financial Times.
Yellen’s caution followed Secretary of State Antony Blinken’s statement to EU and NATO foreign ministers, which noted that Beijing’s assistance to Moscow, including tools, inputs, and technical expertise, is at an alarming level, the report added.
The aid is notably concentrated on Russia’s optical equipment and propellant production, as well as its space sector, which Blinken argued not only …
Full story available on Benzinga.com
The U.S. has warned of “significant consequences” if Chinese firms aid Moscow’s war on Ukraine, marking one of its sternest messages to Beijing.
Following discussions in Guangzhou on Friday and Saturday, the U.S. Treasury Secretary, Janet Yellen, “emphasized that companies, including those in the PRC, must not provide material support for Russia’s war against Ukraine … and the significant consequences if they do so,” reported The Financial Times.
Yellen’s caution followed Secretary of State Antony Blinken’s statement to EU and NATO foreign ministers, which noted that Beijing’s assistance to Moscow, including tools, inputs, and technical expertise, is at an alarming level, the report added.
The aid is notably concentrated on Russia’s optical equipment and propellant production, as well as its space sector, which Blinken argued not only …
Full story available on Benzinga.com
The U.S. has warned of “significant consequences” if Chinese firms aid Moscow’s war on Ukraine, marking one of its sternest messages to Beijing.
Following discussions in Guangzhou on Friday and Saturday, the U.S. Treasury Secretary, Janet Yellen, “emphasized that companies, including those in the PRC, must not provide material support for Russia’s war against Ukraine … and the significant consequences if they do so,” reported The Financial Times.
Yellen’s caution followed Secretary of State Antony Blinken’s statement to EU and NATO foreign ministers, which noted that Beijing’s assistance to Moscow, including tools, inputs, and technical expertise, is at an alarming level, the report added.
The aid is notably concentrated on Russia’s optical equipment and propellant production, as well as its space sector, which Blinken argued not only …Full story available on Benzinga.com Read More2022 Russian invasion of Ukraine, China, Equities, Janet Yellen, News, Russia, Trade, Treasury, Politics, Markets, General, News, Equities, Politics, Markets, General, Benzinga Markets
