US has no immediate plan to sanction Chinese banks over Russia

    WORLD  24 April 2024 - 14:52

    The United States has preliminarily discussed sanctions on some Chinese banks but does not yet have a plan to implement such measures as Washington seeks ways to curb Beijing's support for Russia.

    There was no plan to roll out sanctions on China's banks in the near-term, and officials hope that diplomacy will avert the need for such action, a US official told Reuters.

    Secretary of State Antony Blinken is due to visit China this week.

    The Wall Street Journal reported on April 22, citing people familiar with the matter, that the US was drafting sanctions against some Chinese banks in the hopes of stopping Beijing's commercial support of Russia's military production.

    The White House and Treasury Department did not immediately respond to requests for comment.

    In recent weeks, US officials have intensified pressure on China, warning that Washington was ready to take action against Chinese financial institutions facilitating trade in goods with dual civilian and military applications.

    Caliber.Az

    Subscribe to our Telegram channel


Read also

Ukraine gets €1 billion in arms and security pact with Spain

28 May 2024 - 12:36

EU foreign ministers discuss sanctions against Israel

28 May 2024 - 12:24

Latvia to spend tens of millions on creating "drone army"

28 May 2024 - 12:12

Ex-PM Nawaz Sharif set to resume leadership of Pakistan's ruling party

28 May 2024 - 11:48

EU pledges €2.12 billion in support of future of Syria, region

28 May 2024 - 12:00

French, German first ladies caught joking at Holocaust Memorial ceremony

28 May 2024 - 10:10
ADVERTS
Video
Latest news

    Ukraine gets €1 billion in arms and security pact with Spain

    28 May 2024 - 12:36

    Georgian analyst discusses Tbilisi's politics, Armenian-Azerbaijani relations, French role in South Caucasus

    Giya Kuchava on Caliber.Az

    28 May 2024 - 12:32

    EU foreign ministers discuss sanctions against Israel

    28 May 2024 - 12:24

    Latvia to spend tens of millions on creating "drone army"

    28 May 2024 - 12:12

    EU pledges €2.12 billion in support of future of Syria, region

    28 May 2024 - 12:00

    Ex-PM Nawaz Sharif set to resume leadership of Pakistan's ruling party

    28 May 2024 - 11:48

    Almaty hosts Central Asian conf on climate change, preparing for COP29

    28 May 2024 - 11:36

    European countries not at war with Russia — Macron

    28 May 2024 - 11:24

    Azerbaijani Mine Action Agency employee injured by landmine in Aghdam

    28 May 2024 - 11:12

    Baku Int’l Sea Trade Port discusses contribution to COP29 goals with UN reps

    28 May 2024 - 11:00

    British envoy praises Azerbaijan's role in regional security and climate action

    VIDEO

    28 May 2024 - 10:48

    Azerbaijan welcomes the world to Baku for COP29 on its 106th independence anniversary

    28 May 2024 - 10:36

    MFA congratulates people of Azerbaijan on Independence Day

    28 May 2024 - 10:28

    Turkish Foreign Ministry congratulates Azerbaijan on Independence Day

    28 May 2024 - 10:21

    Türkiye's National Security Council to address Azerbaijan-Armenia peace process

    28 May 2024 - 10:11

    French, German first ladies caught joking at Holocaust Memorial ceremony

    28 May 2024 - 10:10

    Azerbaijan celebrates Independence Day

    28 May 2024 - 10:04

    US top diplomat congratulates Azerbaijan on Independence Day

    28 May 2024 - 09:58

    Minister: Azerbaijani Army strengthens positions in liberated territories

    28 May 2024 - 09:46

    Russia and Azerbaijan: A model of independent yet interconnected relations

    28 May 2024 - 09:34

    Azerbaijani president makes post on Independence Day

    PHOTO

    28 May 2024 - 09:19

    Several EU countries push to designate IRGC as terror organisation

    28 May 2024 - 09:13

    WHO chief “confident” that members to reach consensus on pandemic agreement

    28 May 2024 - 09:05

    Azerbaijan pledges strong support for small island developing states at upcoming COP29

    28 May 2024 - 08:07

    China confirms J-20 fighter jet’s role in Taiwan encirclement

    28 May 2024 - 07:32

    Six NATO countries plan “drone wall” to defend borders with Russia

    28 May 2024 - 05:26

    Insiders marvel at Russia’s military purge

    Putin’s patience snapped

    28 May 2024 - 03:17

    China, Russia in counterspace race to disrupt US’ military edge

    28 May 2024 - 01:11

    Powerful directional microwave downs six UASs in Nevada desert

    27 May 2024 - 23:06

    Russia ready to offer support & experience to Azerbaijani over interaction with PACE

    27 May 2024 - 20:58

    Supreme Leader urges new parliament to inspire hope and unity among Iranians

    27 May 2024 - 20:45

    Seminar on information services in OTS countries underway in Tashkent

    27 May 2024 - 20:37

    Uzbekistan & Russia aim to boost annual trade turnover to $30bn

    27 May 2024 - 20:29

    Azerbaijan, Russia forge new regional relations, defying stereotypes

    27 May 2024 - 20:19

    Graduation ceremony honors Azerbaijani Armed Forces' warrant officers & soldiers

    VIDEO

    27 May 2024 - 20:13

    Azerbaijan, Serbia hold expert meeting on civil-military cooperation

    27 May 2024 - 19:56

    Azerbaijani activists speak out against VIGINUM's targeting

    27 May 2024 - 19:40

    Kremlin says NATO directly involved in Ukraine conflict

    27 May 2024 - 19:38

    Russia considers removing Taliban from terrorist list

    FM cites "real power" in Afghanistan

    27 May 2024 - 19:20

    Shusha to bring together education ministers of Turkic Speaking States

    27 May 2024 - 19:04

All news