Yellen Threatens Sanctions for China Banks That Aid Russia War
- She wraps up 4-day trip with blunt warning on ties with Moscow
- Treasury chief got warm welcome despite sharp economic message
US 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 US ambassador’s residence in Beijing, using an abbreviation for the People’s Republic of China.