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U.S. Takes Aim at Chinese Banks Aiding Russia War Effort

Posted on AllSides April 23rd, 2024
From The Center
A Moscow bus stop shows an ad for military conscription.
PHOTO: YURI KOCHETKOV/SHUTTERSTOCK

The U.S. is drafting sanctions that threaten to cut some Chinese banks off from the global financial system, arming Washington’s top envoy with diplomatic leverage that officials hope will stop Beijing’s commercial support of Russia’s military production, according to people familiar with the matter.

But as Secretary of State Antony Blinken heads to Beijing on Tuesday, the question is whether even the threat of the U.S. using one of its most potent tools of financial coercion can put a dent in complex and burgeoning trade between Beijing and Moscow that has allowed...

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https://www.wsj.com/politics/national-security/u-s-takes-aim-at-chinese-banks-aiding-russia-war-effort-fcf76dcc

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