US sanctions on China for supporting Russia are not needed yet, Yellen says

The United States has no immediate plans to sanction China over the war in Ukraine because Beijing has so far not provided military support to Moscow, US Treasury Secretary Janet Yellen said on Friday.“I don’t think that that’s necessary or appropriate at this point,” Yellen said in an interview on CNBC. “Senior administration officials are talking privately and quietly with China to make sure that they understand our position.”The comments were the latest in Washington’s pressure campaign…

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