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 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 ...

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.

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 ...

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 Washington seeks ...

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.

Some Chinese banks are returning payments for goods that have reached Russian shores, a report says. The US recently imposed new restrictions on 400 entities supporting Russia's war in Ukraine.

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 state lenders are revamping contingency plans in anticipation of U.S. legislation that could penalise banks for serving officials who implement the new national security law for Hong Kong ...