Yellen Calls for More Ukraine Support and Warns China Against Helping Russia
She spoke as top policymakers from around the world gathered in southern India for a meeting that is expected to focus largely on accelerating a global economic recovery after three years of international crises. The warning to China underscores how the impact of the war continues to reverberate, straining ties between the world’s two largest economies as they were attempting to stabilize their relationship.
“We have made clear that providing material support to Russia or assistance with any kind of systemic sanctions evasion would be a very serious concern for us,” Ms. Yellen said. “We will certainly continue to make clear to the Chinese government and the companies and banks in their jurisdiction about what the rules are regarding our sanctions and the serious consequences they would face for violating them.”
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Ms. Yellen declined to describe specific U.S. intelligence about Russian attempts to avoid sanctions, but the Treasury Department has pointed to attempts by Russia to seek assistance from China to supply it with items, such as semiconductors, that face trade restrictions.
