U.S. Warns China Not To Evade Sanctions Against Russa

Derek Chollet is a senior adviser in the US Department of State. Photo: AP 

 SCMP: Beijing will pay if it helps Russia evade sanctions, US State Department official warns  

* 'China, if it were to seek to evade the sanctions, or somehow dividing the sanctions, they would be vulnerable,' says Derek Chollet 

* The nations that have joined in sanctioning Russia represent a combined 50 per cent of the global economy; China accounts for around 15 per cent 

If China tries to help Russia evade sanctions in the wake of Moscow's invasion of Ukraine, it will face countermeasures, a senior US State Department official said on Thursday, without providing details. 

State Department counsellor Derek Chollet said the allied nations that have joined in sanctioning Russia represent a combined 50 per cent of the global economy; China accounts for around 15 per cent. 

"China, if it were to seek to evade the sanctions, or somehow dividing the sanctions, they would be vulnerable," he said. 

"Any country that tries to evade these sanctions will also face the consequences of its actions. I don't want to speculate with that would be." 

Read more ....  

Update: State Department Official Warns President Xi Will Face "Serious Consequences" If China Helps Moscow Avoid Sanctions (Zero Hedge)

WNU Editor: Two Chinese banks have cut ties to Russia .... 2 China-based development banks have opted to suspend business with Russia (Business Insider). But other Chinese banks have opened their doors to Russian businesses .... Exclusive - Russian firms rush to open Chinese bank accounts as sanctions bite - sources (Reuters).

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