AIRLINK 191.84 Decreased By ▼ -1.66 (-0.86%)
BOP 9.87 Increased By ▲ 0.23 (2.39%)
CNERGY 7.67 Increased By ▲ 0.14 (1.86%)
FCCL 37.86 Increased By ▲ 0.16 (0.42%)
FFL 15.76 Increased By ▲ 0.16 (1.03%)
FLYNG 25.31 Decreased By ▼ -0.28 (-1.09%)
HUBC 130.17 Increased By ▲ 3.10 (2.44%)
HUMNL 13.59 Increased By ▲ 0.09 (0.67%)
KEL 4.67 Increased By ▲ 0.09 (1.97%)
KOSM 6.21 Increased By ▲ 0.11 (1.8%)
MLCF 44.29 Increased By ▲ 0.33 (0.75%)
OGDC 206.87 Increased By ▲ 3.63 (1.79%)
PACE 6.56 Increased By ▲ 0.16 (2.5%)
PAEL 40.55 Decreased By ▼ -0.43 (-1.05%)
PIAHCLA 17.59 Increased By ▲ 0.10 (0.57%)
PIBTL 8.07 Increased By ▲ 0.41 (5.35%)
POWER 9.24 Increased By ▲ 0.16 (1.76%)
PPL 178.56 Increased By ▲ 4.31 (2.47%)
PRL 39.08 Increased By ▲ 1.01 (2.65%)
PTC 24.14 Increased By ▲ 0.07 (0.29%)
SEARL 107.85 Increased By ▲ 0.61 (0.57%)
SILK 0.97 No Change ▼ 0.00 (0%)
SSGC 39.11 Increased By ▲ 2.71 (7.45%)
SYM 19.12 Increased By ▲ 0.08 (0.42%)
TELE 8.60 Increased By ▲ 0.36 (4.37%)
TPLP 12.37 Increased By ▲ 0.59 (5.01%)
TRG 66.01 Increased By ▲ 1.13 (1.74%)
WAVESAPP 12.78 Increased By ▲ 1.15 (9.89%)
WTL 1.70 Increased By ▲ 0.02 (1.19%)
YOUW 3.95 Increased By ▲ 0.10 (2.6%)
BR100 11,930 Increased By 162.4 (1.38%)
BR30 35,660 Increased By 695.9 (1.99%)
KSE100 113,206 Increased By 1719 (1.54%)
KSE30 35,565 Increased By 630.8 (1.81%)

WASHINGTON: A senior U.S. Treasury Department official said on Friday that the coalition of partners that has imposed sanctions on Russia over its invasion of Ukraine have found effective ways to communicate with China about not providing material support to Russia.

The official, speaking on condition of anonymity, said the communication has meant that though China and Russia have signaled an open partnership of sorts, the U.S. has not seen Beijing provide Russia with the type of material support at a scale that would matter in this regard.

As a result, Russia is still focused on support from North Korea and Iran, the official said.

The United States and its allies, including the European Union and United Kingdom, imposed sanctions on Russia following the invasion of Ukraine more than a year ago and have continued to ratchet up pressure. Washington has since launched a push to crack down on sanctions evasion.

Washington's approach to China so far has been to directly communicate with Beijing and countries around the world about the risks of providing material support to Russia, the official said.

China propping up Russia’s economy: NATO chief

While travel by U.S. officials to China has been limited, European counterparts have been in active communication and are visiting, the official said.

U.S. relations with China are at what some analysts see as the low point since Washington normalized ties with Beijing in 1979 and switched diplomatic recognition from Taipei.

The United States expressed concern earlier this year that China was considering providing lethal support to Russia.

The U.S. is warning countries that it is prepared to take actions against companies and individuals in any jurisdiction that are providing material support to Russia for its war effort in Ukraine, the official said.

Washington would like to see the United Arab Emirates do more in terms of sanctions compliance, which the U.S. has previously said was "poor", the official added.

Top U.S. economic officials will travel internationally this month to speak to a number of countries and their businesses about the continued risk of providing material support to Russia, the official said.

Brian Nelson, the Treasury's Under Secretary for Terrorism and Financial Intelligence, will travel to Switzerland, Italy, Austria and Germany, a second senior Treasury official said.

Elizabeth Rosenberg, the assistant secretary for Terrorist Financing and Financial Crimes, will travel to Kazakhstan and Kyrgyzstan.

At spring meetings of the International Monetary Fund and World Bank next week, the United States will provide select opportunities for counterparts and businesses to meet with top U.S. intelligence officials to obtain information on how Russia is using its GRU military intelligence agency and Federal Security Service (FSB) to try and evade sanctions and export controls.

Comments

Comments are closed.