Yellen warns Beijing: Chinese firms aiding Russia face 'significant consequences'

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SAN FRANCISCO, Nov 10 - U.S. Treasury Secretary Janet Yellen on Friday said the U.S. government had seen evidence that Chinese firms may be aiding in the flow of equipment to Russia's war effort despite Western sanctions, and said she had urged China to crack down.

"I stressed that companies must not provide material support to Russia's defense industrial sector and that they will face significant consequences if they do," Yellen told reporters at a news conference in San Francisco. She said the U.S. government had already imposed sanctions against a number of private firms, including some in China, that were helping Russia get equipment, along with some financial institutions that could be aiding that effort.

 

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