JEFF PAO
China has vowed to take necessary measures to safeguard its rights after American officials said the United States may sanction Chinese banks for facilitating transactions related to shipments to the Russian defense sector.
The US is preparing a new round of sanctions against Chinese entities that supplied dual-use items to Russia’s war machine in Ukraine, US National Security Advisor Jake Sullivan said at the Aspen Security Forum in Colorado on July 19.
Sullivan said the US side had seen Beijing respond to its concern that some Chinese banks are facilitating problematic transactions. However, he added that “the picture is not pretty” as China continues to be a major supplier of dual-use items to Russia’s war machine.
“There are targeted ways in which they are responsive, but the larger picture continues to travel in the wrong direction,” he said, adding that people can expect to see additional sanctions measures in the coming weeks.
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