The Biden administration announced new financial sanctions to disrupt China-Russia tech links fueling modernization of Russia's military during Ukraine conflict.
China's escalated shipments of microchips, optical systems, and weapon components to Russia pose challenges in countering Russian military advancement while avoiding arming Russia.
Treasury Secretary Janet Yellen stated that Russia's war economy is cut off from international finance, pressuring Kremlin for access while expanding sanctions to deter banks aiding Russian financing.
#biden-administration #financial-sanctions #china-russia-tech-links #russian-military-modernization #ukraine-conflict
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