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WASHINGTON, Virginia - The United States and other nations could take steps against Chinese firms and financial institutions over Beijing's backing for the Russian war against Ukraine, a top U.S. official said on Friday.
The Biden administration has stepped up warnings about China's backing for Moscow and issued an executive order in December that threatened punitive measures against financial institutions helping Russia skirt Western sanctions."I think where we are primarily focused are on Chinese companies that have been involved in a systematic way in supporting Russia," U.S.
"There will be steps that are taken, not just by the United States, but other countries, signaling our profound displeasure about what China is seeking to do in its relationship with Russia on the battlefield in Ukraine," he said on Friday. Campbell spoke after a meeting with senior officials from Japan and South Korea to prepare the way for a trilateral leaders' summit later this year.
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