⚡️Yellen: 'Significant consequences' for Chinese firms aiding Russia's war. U.S….

U.S. Treasury Secretary Janet Yellen urged the Chinese government to crack down on businesses sending military aid to Russia and threatened "significant consequences" for companies that continue to evade sanctions, Reuters reported Nov. 10.

Yellen told reporters that she and Chinese Vice Premier He Lifeng discussed the U.S. government's concerns about equipment transfers from China to Russia. The two officials met in San Francisco on Nov. 9 ahead of the Asia-Pacific Economic Cooperation (APEC) summit.

"I stressed that companies must not provide material support to Russia's defense-industrial sector and that they will face significant consequences if they do," Yellen said.

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