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America threatened Chinese companies and banks for supporting Russia

America threatened Chinese companies and banks for supporting Russia

The Biden administration is issuing increasingly strong warnings about the Chinese support enjoyed by Moscow. Last December, an executive order was passed, through which punitive measures were taken into account against financial institutions that help Russia evade Western sanctions.

“I think we are primarily focused on Chinese companies that have been systematically involved in supporting Russia,” US Deputy Secretary of State Kurt Campbell told reporters. “We also took a close look at financial institutions,” he added.

Earlier this week, Campbell said there was an urgent need for European and NATO countries to send a joint message to China.

“There will be steps that will be taken not only by the United States, but also by other countries, indicating our deep dissatisfaction with what China is trying to do in the Ukrainian theater in its relationship with Russia,” he said on Friday.

Campbell spoke after meeting with senior officials from Japan and South Korea to pave the way for a trilateral leaders' summit later this year.

Cover image source: 2016 Kyodo News via Getty Images

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