International
US issues hundreds of sanctions targeting Russia, takes aim at Chinese companies
WASHINGTON — The United States on Wednesday (May 1) issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow's circumvention of Western measures, including through China. The US Treasury Departmen
WASHINGTON — The United States on Wednesday (May 1) issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow's circumvention of Western measures, including through China.
The US Treasury Department imposed sanctions on nearly 200 targets and the State Department designated more than 80 in one of the most wide-ranging actions against Chinese companies so far in Washington's sanctions aimed at Russia.
The US imposed sanctions on 20 companies based in China and Hong Kong, following repeated warnings from Washington about China's support for Russia's military, including during recent trips by Treasury Secretary Janet Yellen and US Secretary of State Antony Blinken to the country.
China's support for Russia is one of the many issues threatening to sour the recent improvement in relations between the world's biggest economies.
"Treasury has consistently warned that companies will face significant consequences for providing material support for Russia's war, and the US is imposing them today on almost 300 targets," Yellen said in a statement.
The US Treasury Department imposed sanctions on nearly 200 targets and the State Department designated more than 80 in one of the most wide-ranging actions against Chinese companies so far in Washington's sanctions aimed at Russia.
The US imposed sanctions on 20 companies based in China and Hong Kong, following repeated warnings from Washington about China's support for Russia's military, including during recent trips by Treasury Secretary Janet Yellen and US Secretary of State Antony Blinken to the country.
China's support for Russia is one of the many issues threatening to sour the recent improvement in relations between the world's biggest economies.
"Treasury has consistently warned that companies will face significant consequences for providing material support for Russia's war, and the US is imposing them today on almost 300 targets," Yellen said in a statement.
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