The Biden administration is taking new measures aimed at stopping China from helping the Kremlin sustain its war effort against Ukraine. U.S. officials hope European nations will take similar steps.
Category: Embargoes and Sanctions
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G7 Finance Ministers Aim to Use Russia’s Frozen Assets to Help Ukraine
Western economic officials projected a united front, and braced for retaliation, as they prepped tougher sanctions and tariffs.
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G7 Finance Ministers Close Ranks as Tensions with Russia and China Fester
Western economic officials projected a united front, and braced for retaliation, as they prepped tougher sanctions and tariffs.
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Russia’s War Machine Revs Up as the West’s Plan to Cap Oil Revenues Sputters
Russia has largely evaded attempts by the U.S. and Europe to keep it from profiting from its energy exports.
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U.S. Imposes Sanctions on Chinese Companies for Aiding Russia’s War Effort
The penalties came after top Biden administration officials warned China not to help Moscow restock its arsenal to attack Ukraine.
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Binance Founder Sentenced to Four Months in Prison
Changpeng Zhao, the founder and former chief executive of the Binance cryptocurrency exchange, had pleaded guilty to a money-laundering violation.
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Antony Blinken Visits China
Tensions over economic ties are running high, threatening to disrupt a fragile cooperation between the U.S. and China.
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Binance Founder Should Get Three Years in Prison, Prosecutors Say
Defense lawyers for Changpeng Zhao, the founder of the crypto exchange Binance, countered that he should receive no prison time.
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U.S. and China Continue to Talk, but Economic Divide Remains Wide
Election-year rancor will make it difficult for Washington and Beijing to find areas of cooperation on trade and investment.
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Poor Nations Are Writing a New Handbook for Getting Rich
Economies focused on exports have lifted millions out of poverty, but epochal changes in trade, supply chains and technology are making it a lot harder.
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U.S. and Britain Accuse China of Cyberespionage Campaign
The actions on both sides of the Atlantic, which included sanctions, underscored the escalation of cyberconflict between Western allies and Beijing.
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U.S. Accuses Chinese Hackers of Targeting Critical Infrastructure in America
The Treasury Department accused the hackers of working as a front for Beijing’s top spy agency.