U.S. weighs sanctions on Chinese banks over Russia military support

Washington takes aim at workarounds seen shoring up Ukraine invasion

Moscow has reportedly acquired sights for 3,000 tanks from China through Belarus since spring 2023, despite American and European sanctions. © Reuters

TAKAYUKI TANAKA and RINTARO TOBITA, Nikkei staff writers

May 11, 2024 04:56 JST

VIENNA/WASHINGTON -- The U.S. is considering imposing sanctions on Chinese financial institutions believed to be helping Russia amid its invasion of Ukraine, in a bid to clamp down on what it sees as a lifeline for Russian military production.

In a meeting late last month with Chinese President Xi Jinping, U.S. Secretary of State Antony Blinken urged Beijing to end military support for Moscow.