{"id":7771,"date":"2024-05-12T00:43:42","date_gmt":"2024-05-12T00:43:42","guid":{"rendered":"https:\/\/sotnews.agency\/?p=7771"},"modified":"2024-05-12T00:45:21","modified_gmt":"2024-05-12T00:45:21","slug":"us-to-impose-sanctions-on-chinese-banks-for-assisting-russia-in-ukraine-war","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=7771","title":{"rendered":"US to impose sanctions on Chinese banks for assisting Russia in Ukraine war"},"content":{"rendered":"
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Representative Image\u00a9 Provided by Asian News International (ANI)<\/p>\n\n\n\n

Washington, DC [US<\/a>], May 11 (ANI): The US<\/a> is considering imposing sanctions<\/a> on Chinese financial institutions, which are involved in supporting Russia<\/a> amid its invasion of Ukraine, in a bid to suppress lifelines for Russia<\/a>n military production, reported Nikkei Asia.<\/p>\n\n\n\n

US<\/a> State Secretary Antony Blinken, during a meeting with Chinese President Xi Jinping last month, urged Beijing to end military support for Moscow.<\/p>\n\n\n\n

“I made it clear that if China does not address this problem, we will,” Blinken said afterward.<\/p>\n\n\n\n

Washington is considering measures that would lock banks out of the American financial system.<\/p>\n\n\n\n

Earlier in December, US<\/a> President Joe Biden gave the Treasury Department authority to impose secondary sanctions<\/a> against financial institutions in third countries that assisted Moscow in evading sanctions<\/a>, as reported by Nikkei Asia.<\/p>\n\n\n\n

The Biden administration feared that allowing the flow of supplies from China to continue would keep attrition at bay for Moscow’s forces and put Ukraine’s goal of a counterattack next spring out of reach.<\/p>\n\n\n\n

Now, the Treasury Department has already begun taking action.<\/p>\n\n\n\n

Last month, it announced sanctions<\/a> against ten organisations and 12 individuals linked to Belarus that are accused of helping Russia<\/a>‘s arms industry procure components.<\/p>\n

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Representative Image\u00a9 Provided by Asian News International (ANI) Washington, DC [US], May 11 (ANI): The US is considering imposing sanctions on Chinese financial institutions, which are involved in supporting Russia amid its invasion of Ukraine, in a… <\/p>\n","protected":false},"author":1,"featured_media":7772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1,13],"tags":[],"class_list":["post-7771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-world"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/7771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7771"}],"version-history":[{"count":1,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/7771\/revisions"}],"predecessor-version":[{"id":7773,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/7771\/revisions\/7773"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/media\/7772"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}