United States (US) Treasury Secretary Janet Yellen on Friday (10/11) said Washington had evidence that Chinese companies were suspected of supplying equipment for Russia’s war needs despite sanctions from the West. Yellen urged China to take action in response to the phenomenon.
Yellen said she raised the issue in a two-day meeting with Chinese Vice Premier He Lifeng. He expressed concern that equipment “helping the Russian military” evade sanctions and was sent to Moscow to help in the war against Ukraine.
“I emphasized that companies should not provide material support to Russia’s defense industry sector and that they would face major consequences if they did,” Yellen told reporters at a news conference in San Francisco.
“We are determined to do everything we can to stem the flow of materials that are helping Russia wage this brutal and illegal war,” Yellen said, warning that any companies aiding Moscow’s war effort could face sanctions.
He said the US government had imposed sanctions on a number of private companies, including some in China, that were helping Russia obtain equipment, as well as some financial institutions thought to be aiding the effort.
“We would like to see China crack down on this, especially when we are able to provide information,” he said. He did not provide further details about the names of the companies involved or He’s reaction.
Yellen stressed that the Chinese companies in question were private and said she was not suggesting that this happened with the Chinese government’s knowledge. (ah/ft)