US Treasury Secretary Janet Yellen has threatened Chinese companies with “consequences” if they supply parts or equipment to the Russian military. During a multi-day trip to Beijing, Yellen also accused China of saturating global markets with cheap goods.
“Secretary Yellen emphasized that companies, including those in the PRC, must not provide material support for Russia’s war against Ukraine, including support to the Russian defense industrial base,” the US Treasury said in a statement released after Yellen met her Chinese counterpart, He Lifeng, in Guangzhou on Friday.
Yellen warned that these firms would face “significant consequences if they do so,” the statement continued.