Skip to content
Edit post

Yellen: 'Significant consequences' for Chinese firms aiding Russia's war

by Abbey Fenbert November 11, 2023 12:45 AM 2 min read
U.S. Treasury Secretary Janet Yellen greets China's Vice Premier He Lifeng at the start of a bilateral meeting at the Ritz Carlton Hotel on Nov. 9, 2023 in San Francisco. (Justin Sullivan/Getty Images)
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

U.S. Treasury Secretary Janet Yellen urged the Chinese government to crack down on businesses sending military aid to Russia and threatened "significant consequences" for companies that continue to evade sanctions, Reuters reported Nov. 10.  

Yellen told reporters that she and Chinese Vice Premier He Lifeng discussed the U.S. government's concerns about equipment transfers from China to Russia. The two officials met in San Francisco on Nov. 9 ahead of the Asia-Pacific Economic Cooperation (APEC) summit.

"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 said.

While Beijing has officially pledged not to provide weapons to Russia or Ukraine while the war lasts, trade data and intelligence reports indicate that Chinese companies have been able to skirt Western sanctions by exporting "dual-use" technologies, or equipment categorized as having both military and civilian purposes.

Russia relies heavily on Chinese support to finance and arm its war effort in Ukraine. Russian Finance Minister Anton Siluanov admitted in October 2023 that the majority of Russia's drones come from China.

Yellen said that Chinese companies helping to arm the Russian military could face sanctions.

"We are determined to do all that we can to stem this flow of materiel that aids Russia in conducting this brutal and illegal war," she said.

The U.S. government indicted three companies and seven individuals on Nov. 8 for their alleged participation in exporting dual-use equipment to Moscow.

Yellen did not discuss He's response to the conversation or provide the names of specific companies.

"We would like to see China crack down on this, especially when we're able to provide information," she said.

Ukraine war latest: EU unlikely to deliver 1 million artillery shells to Ukraine by March 2024, media reports
Key developments on Nov. 10: * Bloomberg: EU unlikely to deliver 1 million artillery shells to Ukraine by March 2024 * Orban: ‘EU must not start membership talks with Ukraine’ * Military intelligence: Ukraine hits 2 light Russian landing crafts in Crimea * Over 30,000 Ukrainian recruits receive…
Before you skip this banner, we want to tell you something…

The Kyiv Independent doesn’t depend on a wealthy owner or an oligarch — in 2023, 80% of our revenue was from reader contributions . It’s thanks to them that we don’t have to rely on a single owner.

Support us now and help maintain our independent model and keep our articles free for everyone. Your contributions allow us to cover journalists’ salaries, report from the front lines, and fund projects like our War Crimes Investigations Unit.

visa masterCard americanExpress

News Feed

2:54 PM

Media: Italy may send Storm Shadow missiles to Ukraine, sources say.

"A batch of" Storm Shadow missiles and another SAMP/T air defense system will reportedly be included in the ninth aid package for Ukraine, which Italian Defense Minister Guido Crosetto will present by the end of June, Italian newspaper Il Fatto Quotidiano reported on June 18, citing unnamed sources familiar with the matter.
1:43 PM

Zelensky signs law on single roaming zone with EU.

Under the "roam like at home" (RLAH) program, Ukrainians will not pay additional charges to use their mobile phone for communications and the Internet in the 27 EU countries. The same rules will apply to users of European operators traveling to Ukraine.
Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
1:17 AM

Moscow confirms A-50 aircraft was shot down by Ukraine.

The Investigative Committee of the Russian Federation confirmed that the Ukrainian Air Force shot down a rare Russian A-50 early warning and control aircraft over the Azov Sea back in February, killing ten crew members.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.