US prepares to sanction China over its support for Russian war effort

The US is preparing to sanction some Chinese banks in an attempt to curb Beijing’s financing of Russia’s war in Ukraine, The Wall Street Journal reported.

The proposed sanctions come as US Secretary of State Antony Blinken is set to travel to China this week.

Washington has been increasing pressure on Beijing regarding its facilitation of exports to Moscow, and views sanctions as an escalatory measure if China does not respond to talks.