The U.S. government is working on sanctions targeting some Chinese banks amid concerns they are enabling trade with Russia and fuelling its war efforts against Ukraine, the Wall Street Journal ...

The United States is developing sanctions that would cut off certain Chinese banks from the global financial system. Washington hopes this move will halt Beijing's financial support of Russian ...

US National Security Adviser Jake Sullivan said the US is preparing new sanctions on Chinese entities that support Russia’s war in Ukraine, and hinted that banks may be in the cross-hairs.

U.S. Secretary of State Antony Blinken shakes hands with Chinese President Xi Jinping in the Great Hall of the People in Beijing, China, Monday, June 19, 2023.Leah Millis/pool / AP Photo The US is ...

The European Union is preparing to take a strong step by targeting two Chinese banks that it says are helping Russia keep its ...

(Reuters) -The United States has preliminarily discussed sanctions on some Chinese banks but does not yet have a plan to implement such measures, a U.S. official told Reuters on Tuesday, as ...

The US is drafting sanctions on Chinese lenders, The Wall Street Journal reported. These could cut China off from accessing the US dollar and Western markets. Lawmakers are worried that China's ...

The US is considering sanctions to cut Chinese banks off from the dollar, according to The Wall Street Journal. However, it may speed up de-dollarization efforts by China and Russia.

The EU is preparing sanctions against two Chinese banks that allegedly enabled banned trade with Russia, the first attempt by ...

American sanctions on Chinese banks for their trade with Russia are not imminent, US Treasury Secretary Janet Yellen said on Thursday. “I have nothing to announce in terms of sanctions [on ...

Earlier this week, Yellen said softness in the oil market presented an opportunity for more sanctions. Benchmark Brent crude traded at US$74.50 per barrel on Friday, down from US$85.57 when the US ...

Chinese banks are limiting cross-border transactions with Russia due to concerns about US secondary sanctions. This move makes it more difficult for Russia to receive payments for goods and ...