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U.S. Imposes Sanctions on Chinese Companies for Aiding Russia’s War Effort
The penalties came after top Biden administration officials warned China not to help Moscow restock its arsenal to attack Ukraine.
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Treasury Secretary Janet Yellen said the sanctions would “further disrupt and degrade Russia’s war efforts.”Credit...Maansi Srivastava/The New York Times
By Alan Rappeport
Reporting from Washington
May 1, 2024, 1:30 p.m. ET
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The Biden administration on Wednesday announced nearly 300 new sanctions on international suppliers of military equipment technology that the administration said have been helping Russia restock its arsenal as it carries out the war in Ukraine.
The sanctions represent a broadening of U.S. efforts to disrupt Russia’s military industrial complex supply chain. They include more than a dozen targets based in China, which the United States says has increasingly been helping Russia arm itself. The Biden administration has expressed growing alarm about the weapons technology alliance between China and Russia. Top U.S. officials have voiced those concerns to their Chinese counterparts in recent weeks.
“Today’s actions will further disrupt and degrade Russia’s war efforts by going after its military industrial base and the evasion networks that help supply it,” Treasury Secretary Janet L. Yellen said in a statement on Wednesday.
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Alan Rappeport is an economic policy reporter, based in Washington. He covers the Treasury Department and writes about taxes, trade and fiscal matters. More about Alan Rappeport
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