US ‘Looking Closely’ at China Banks Over War Aid to Russia
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US Deputy Secretary of State Kurt Campbell has expressed concerns over China's support for Russia's invasion of Ukraine, stating that the US is primarily focused on Chinese companies and financial institutions involved in supporting Russia. The Joe Biden administration has warned about China's backing for Moscow and has threatened punitive measures against financial institutions aiding Russia. China has vowed retaliation in case of further US sanctions. China and Russia have a close relationship, signing a 'no limits' partnership before Russia's invasion of Ukraine. The US Defense Secretary Lloyd Austin has emphasized the need for Asia's security and peaceful resolution of disputes through dialogue. The US has allocated $8 billion for countering China in the Indo-Pacific and continues to pledge military aid to Taiwan. China is the main supplier of chips used in Russia, despite sanctions. Chinese loans to Russia have quadrupled since the Ukraine war. The US is considering sanctioning Chinese banks assisting Russia in the war.
#Us #China #Russia #Ukraine #Sanctions #FinancialInstitutions #Support #Invasion #Security #Dialogue #Taiwan #Chips #Loans
https://www.asiafinancial.com/us-looking-closely-at-china-banks-over-war-aid-to-russia
Asia Financial /
npub1tf…4lkk0
2024-06-01 16:15:24
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wss://relay.nostr.bandPublished at
2024-06-01 16:15:24Event JSON
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"content": "US ‘Looking Closely’ at China Banks Over War Aid to Russia\n==========\n\nUS Deputy Secretary of State Kurt Campbell has expressed concerns over China's support for Russia's invasion of Ukraine, stating that the US is primarily focused on Chinese companies and financial institutions involved in supporting Russia. The Joe Biden administration has warned about China's backing for Moscow and has threatened punitive measures against financial institutions aiding Russia. China has vowed retaliation in case of further US sanctions. China and Russia have a close relationship, signing a 'no limits' partnership before Russia's invasion of Ukraine. The US Defense Secretary Lloyd Austin has emphasized the need for Asia's security and peaceful resolution of disputes through dialogue. The US has allocated $8 billion for countering China in the Indo-Pacific and continues to pledge military aid to Taiwan. China is the main supplier of chips used in Russia, despite sanctions. Chinese loans to Russia have quadrupled since the Ukraine war. The US is considering sanctioning Chinese banks assisting Russia in the war.\n\n#Us #China #Russia #Ukraine #Sanctions #FinancialInstitutions #Support #Invasion #Security #Dialogue #Taiwan #Chips #Loans\n\nhttps://www.asiafinancial.com/us-looking-closely-at-china-banks-over-war-aid-to-russia",
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