China has been presented with a choice of doing business with Russia's isolated economy, or the West's coalition which represents 50% of the world's economy. Read more at straitstimes.com.
Deputy Treasury Secretary Wally Adeyemo said, as officials look to sever President Vladimir Putin’s financial lifeline with the conflict heading into its second year.
Mr Adeyemo spoke to reporters ahead of a speech he’s set to give later Tuesday at the Council on Foreign Relations that will outline the US approach to squeezing Russia’s economy a year after it invaded Ukraine. The sanctions have had a devastating impact on Russia’s gas exports and imports of high-tech goods but have yet to seriously diminish Putin’s ability to wage war.
He said the US is in touch with banks and companies to warn them that they risk being cut off from the US and its financial partners’ financial systems.Mr Adeyemo’s sentiment underscored how much of a challenge the US has faced in trying to dissuade some of the world’s major economies, such as China, Brazil, Indonesia and India, fromdespite Western arguments that Russia violated Ukraine’s sovereignty and has committed war crimes there.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
In meeting, Blinken warns China's Wang Yi against aiding Russia in UkraineMUNICH: US Secretary of State Antony Blinken on Saturday (Feb 18) warned top Chinese diplomat Wang Yi of consequences should China provide material support to Russia's invasion of Ukraine, saying in an interview after the two met that Washington was concerned Beijing was considering supplying weapons to Moscow.
Read more »
Beijing slams 'false' US claims that China may arm RussiaBEIJING: Beijing lashed out on Monday (Feb 20) against what it said were 'false' claims by the United States that China is considering arming Russia in its war against Ukraine. 'It is the United States and not China that is endlessly shipping weapons to the battlefield,' China's foreign ministry spokesman
Read more »
China slams 'false' US claims that Beijing may arm Russia in Ukraine warUS top diplomat Antony Blinken had said China was “considering providing lethal support” to Moscow. Read more at straitstimes.com.
Read more »
Should China ally with Russia, there would be a world war: ZelenskyHis comments came as China said the US was in no position to stop them from providing weapons to Russia. Read more at straitstimes.com.
Read more »
Commentary: Biden’s Ukraine visit sends a message to Russia and ChinaAn American president going into a war zone days ahead of the first anniversary of Russia’s invasion of Ukraine is of significant symbolism, says former diplomat James Carouso.
Read more »
US general warns China biggest threat in spaceMUNICH: Space has 'fundamentally changed' in a just a few years due to a growing arms race, a US general said, singling out China as the 'most challenging threat', followed by Russia. 'We are seeing a whole mix of weapons being produced by our strategic competitors,' General Bradley Chance Saltzman, t
Read more »