Treasury Secretary Yellen sees no need for China sanctions as U.S. tries to deter aid to Russia
2022-03-26 10:13:58 source:CNBC
March 25, 2022
Treasury Secretary Janet Yellen on Friday said she does not believe the U.S. should impose sanctions on China because of its ties to Russia.
“I don’t think that that’s necessary or appropriate,” the Treasury secretary said on CNBC’s “Squawk Box” of potential penalties on Beijing. “Senior administration officials are talking privately and quietly with China to make sure that they understand our position.”
“We would be very concerned if they were to supply weapons to Russia, or to try to evade the sanctions that we’ve put in place on the Russian financial system and the central bank,” she said. “We don’t see that happening at this point.”
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