US widens sanctions on Russia to discourage countries such as China from doing business with Moscow

  • 📰 SooToday
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 85%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The United States widened its sanctions against Russia Wednesday as G7 leaders prepared to gather in Italy for a summit where the top priorities will be boosting support for Ukraine and grinding down Russia’s war machine.

Wednesday's package targeted Chinese companies which help Russia pursue its war in Ukraine and raised the stakes for foreign financial institutions which work with sanctioned Russian entities.

Russia’s military is “desperate for access to the outside world,” said Treasury Secretary Janet Yellen. On Wednesday the U.S sanctioned a Chinese state-owned defense company which officials said had shipped military equipment for use in the Russian defense sector. “The Chinese leadership is not interested in making these sanctions a success,” said Janis Kluge, a Russia sanctions specialist at the German Institute for International and Security Affairs in Berlin

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in CA

Canada Canada Latest News, Canada Canada Headlines