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US mulls ‘further actions’ against China-based firms helping Russian defence sector
- Separate from State Department’s remarks, Treasury Secretary Janet Yellen offers insight on largest Chinese financial institutions
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Robert Delaneyin Washington
US President Joe Biden’s administration on Thursday said it was “considering” further action against Chinese entities deemed to be supporting Russia’s defence industrial sector, following a sweeping move on that front a day earlier.
“We are considering further actions,” State Department spokesman Matthew Miller said in a regular press briefing in Washington.
“Our hope is that companies engaged in rearming Russia’s defence industrial base and bolstering Russia’s defence industrial base so it can rearm the Russian military, that other companies will see these actions and think twice,” he said.
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“Countries in Europe have made clear the same thing … and we will not hesitate to take further actions as appropriate,” Miller added.
Efforts to halt Russia’s war against Ukraine were top of mind for leaders of the Group of 7 as they started their annual summit in Italy on Thursday.
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The major advanced economies were zeroing in on a deal to issue US$50 billion of loans for Ukraine backed by proceeds from immobilised Russian assets.
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