"The primary contributor to Russia's defense industrial base is China," Blinken stated during a briefing on Friday.While not specifying potential measures, sources indicate the US is considering sanctions on Chinese financial institutions and entities. One source called it "the clearest warning" ever issued to Chinese officials. US Deputy Secretary of state Kurt Campbell said China is undermining European security by arming Russia while pursuing closer EU ties. He stated the US is being "very direct" with its concerns, which Blinken will reiterate to Foreign Minister Wang Yi.
“What we’ve tried to underscore with European and Chinese interlocutors is that these dual objectives are inconsistent, and that we want China to think very carefully about the way forward,” he said.Blinken follows Treasury Secretary Yellen, who warned of "significant consequences" like sanctions if Chinese banks back Russia's Ukraine war.
“The modus operandi for Blinken and all these official visits is: maintain dialogue amid undeniable escalation,” said Bloomberg Reva Goujon, a director at the corporate advisory firm Rhodium Group. “You can call it a dialogue, but it’s not much of a dialogue right now, because the two sides are very much talking past each other.”While the US hopes the threat of punitive measures will persuade China to change course, it is also urging European countries to take action. One person familiar with the deliberations told the FT that Europe had imposed sanctions on only three Chinese groups since Russia's invasion two years ago, compared to 100 such actions against Chinese entities by Washington. In 2023, 90% of chips Russia imported came from China and were used to produce missiles, tanks and aircraft, while 70% of Russian machine tool imports were from China and "likely used" to produce ballistic missiles, the FT reports. Read more:
- US delivers warning to China over support for Russia’s war against Ukraine
- China provides geospatial intel and other military support to Russia, US says
- Scholz visits China, discusses key issues including Russia-Ukraine war
- Trap Aggressor: Türkiye, Thailand, China help Russia import western components for gliding bombs