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Yellen said today that the government was prepared to sanction Chinese firms it believes may be facilitating the Russian war economy.

Janet Yellen flags growing China-Russia exports

Treasury Secretary Janet Yellen told the Senate this afternoon that the U.S. government is concerned about the growing number of Chinese exports to Russia amid President Vladimir Putin’s war on Ukraine.

Testifying before the Senate Appropriations Subcommittee on Financial Services and General Government, Yellen flagged “an increase” in exports from China to Russia, “particularly of certain dual-use goods that may be critical to Russia’s war effort.”

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Presented by The Texas Tribune Festival

Shape the future of Texas at the 15th annual Texas Tribune Festival — Texas’ breakout ideas and politics event happening Nov. 13–15 in downtown Austin. Be there for a deep dive into the ideas and actions transforming our state.

 

Get Tickets