Yellen to Chinese banks: We’ll sanction them if they help Russian war machines

US Treasury Secretary Janet Yellen announced that the US could impose sanctions on Chinese banks and companies as well as the Beijing government if they help the Russian military.

US Treasury Secretary Janet Yellen gave an interview to CNBC’s Sara Eisen and said, “We are prepared to take action if we see significant violations, particularly by financial institutions.” Yellen continued: “Anything that involves aiding the Russian military in their brutal war against Ukraine is unacceptable to us and we have the ability to impose sanctions.”

India digitizes sanctions and approvals