CNBC:U.S. ready to sanction Chinese banks if they aid Russia
U.S. ready to sanction Chinese banks if they aid Russia’s war machine, Yellen says
KEY POINTS
- The United States is prepared to sanction Chinese banks and companies, as well as Beijing’s leadership, if they aid Russia’s military in its invasion of Ukraine, U.S. Treasury Secretary Janet Yellen said Monday.
- The comments were part of a broader economic message that she has delivered to Chinese officials during her visit to the country over the past several days.
- The U.S. and China have been working to heal their relations even as the two superpowers manage ongoing economic tensions.
