US says it could act against China firms, banks over Russian war support

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. Deputy Secretary of State Kurt Campbell told reporters after a meeting near the Virginia town of Washington “We’ve also looked closely at financial institutions.”
Earlier this week Campbell said there was an urgent need for European and NATO countries to send a collective message of concern to China.