The United States is escalating its stance against China and Russia amid ongoing geopolitical tensions. The U.S. is considering imposing sanctions on Chinese firms believed to be aiding Russia's war efforts in Ukraine, with CNBC and other outlets reporting potential actions against financial institutions conducting business with Russia as of Feb. 19. This move aims to disrupt the economic ties between China and Russia, including the flow of payments for imported oil and Turkish exports, according to seven sources familiar with the matter. Additionally, the U.S. has warned China against dumping goods on international markets to alleviate its industrial overcapacity, indicating a broader trade conflict. Reports also highlight that banks in the United Arab Emirates are restricting payments with Russia, and three of China's largest banks have ceased accepting payments from Russian sanctioned financial institutions since the start of the year. In response, China, on Feb. 20, stated it will take measures to protect its companies from U.S. sanctions.
Three largest Chinese banks stopped accepting payments from the Russian Federation Three of China's four largest banks have stopped accepting payments from Russian sanctioned financial institutions since the beginning of this year. Such restrictions were introduced by… https://t.co/udLaW5ujaO
China opposes US sanctions against Chinese companies due to cooperation with Russia China will take measures to protect its companies if the United States imposes sanctions due to cooperation with Russia. /Ministry of Foreign Affairs of the People's Republic of China/
⚡️ US mulls sanctioning Chinese companies over aiding Russia's war. The U.S. is considering imposing sanctions on Chinese firms suspected of fueling Russia's full-scale war against Ukraine, CNBC reported on Feb. 19, citing U.S. Congress members. https://t.co/U6qjjCqYJS
The United States has warned China that it will take action if Beijing tries to “ease the problem of excess industrial capacity by dumping goods on international markets,” The Financial Times reports
A #US threat to hit financial firms doing business with #Russia with #sanctions has chilled Turkish-Russian trade, disrupting or slowing some payments for both imported oil and Turkish exports, according to seven sources familiar with the matter. https://t.co/2Z68e0DDDw
According to reports from Russian mass media, banks in the United Arab Emirates have started to restrict payments with Russia and are in the process of closing the accounts of both companies and individuals. https://t.co/nitUb6WUvd https://t.co/gbhfF73ONF
U.S. considering sanctioning Chinese firms aiding Russia https://t.co/cVEoiKvl7v
🚨🇺🇸🇨🇳BREAKING: THE U.S ESCALATES TRADE WAR WITH CHINA Fearing the impact of Chinese economic stimulus packages, the U.S has warned China it will take action if they flood international markets with cheap goods. U.S official: “We are worried that Chinese industrial support… https://t.co/bOaHw2OhhY
BREAKING: The Financial Times reports that the US has warned China that it will take action if China tries to 'ease its industrial overcapacity problem by dumping goods on international markets'.
US Considering Sanctioning Chinese Firms Aiding Russia’s War - CNBC https://t.co/esHDwYy8mB
🔴 THE US IS CONSIDERING SLAPPING SANCTIONS ON CHINESE COMPANIES IT BELIEVES ARE HELPING RUSSIA FUEL ITS WAR IN UKRAINE - CNBC.
⚠️ EXCLUSIVE-TURKISH-RUSSIAN TRADE HIT BY FRESH US SANCTIONS THREAT (Reuters) A U.S. threat to hit financial firms doing business with Russia with sanctions has chilled Turkish-Russian trade, disrupting or slowing some payments for both imported oil and Turkish exports,… https://t.co/t27NxsXpqA
'China has a lot more to lose': U.S. considering sanctioning Chinese firms aiding Russia's war https://t.co/RMWxxTR8i0