BR100 Decreased By (-0.7%)
BR30 Decreased By (-1.27%)
KSE100 Decreased By (-0.52%)
KSE30 Decreased By (-0.51%)
AGHA 6.70 Increased By ▲ 0.02 (0.3%)
BECO 4.37 No Change ▼ 0.00 (0%)
BML 56.15 Decreased By ▼ -1.17 (-2.04%)
BOP 30.16 Decreased By ▼ -0.19 (-0.63%)
CNERGY 12.95 Decreased By ▼ -0.17 (-1.3%)
CSIL 5.34 Decreased By ▼ -0.07 (-1.29%)
FCCL 52.25 Decreased By ▼ -0.54 (-1.02%)
FFL 14.59 Decreased By ▼ -0.13 (-0.88%)
FNEL 1.12 No Change ▼ 0.00 (0%)
KEL 6.11 Increased By ▲ 0.02 (0.33%)
KOSM 6.03 Increased By ▲ 0.30 (5.24%)
LOTCHEM 26.25 Decreased By ▼ -0.21 (-0.79%)
MLCF 91.49 Decreased By ▼ -1.67 (-1.79%)
NBP 164.35 Decreased By ▼ -0.31 (-0.19%)
NCPL 53.85 Decreased By ▼ -1.81 (-3.25%)
NPL 58.78 Decreased By ▼ -2.38 (-3.89%)
OGDC 314.00 Decreased By ▼ -2.73 (-0.86%)
PACE 9.89 Increased By ▲ 0.02 (0.2%)
PAEL 35.14 Decreased By ▼ -0.49 (-1.38%)
PIBTL 14.68 No Change ▼ 0.00 (0%)
PPL 222.35 Decreased By ▼ -4.56 (-2.01%)
PRL 91.24 Decreased By ▼ -1.78 (-1.91%)
PTC 59.14 Decreased By ▼ -1.12 (-1.86%)
SSGC 23.13 Decreased By ▼ -0.68 (-2.86%)
TBL 8.72 Decreased By ▼ -0.03 (-0.34%)
TELE 7.71 Decreased By ▼ -0.09 (-1.15%)
TPL 22.11 Decreased By ▼ -0.24 (-1.07%)
TPLP 12.62 Decreased By ▼ -0.35 (-2.7%)
TREET 21.81 Decreased By ▼ -0.35 (-1.58%)
TRG 56.49 Decreased By ▼ -0.07 (-0.12%)
By

U.S. national security adviser Jake Sullivan on Wednesday laid out some broad guidelines about the types of Chinese support for Russia that would warrant a response from the United States, after warning Beijing last week of potential dire consequences.

Speaking aboard Air Force One en route to Brussels where President Joe Biden will be attending the NATO summit, Sullivan said U.S. sanctions enforcement will look closely at whether China facilitates settlement of Russian payments or attempts to counter export controls passed since Russia invaded Ukraine.

Asked to be more specific, he listed instances in which the United States would feel compelled to react.

UK PM urges China to condemn Russian invasion of Ukraine

The U.S. is looking out for companies that are "attempting to backfill in response to the export controls that we have imposed," Sullivan said. Backfilling refers to the process of supplying a good to Russia that's impacted by export controls.

If Chinese companies or others "choose to backfill" the U.S. has tools to ensure that can’t happen, he added.

In terms of payments, Sullivan said, the U.S. and its G7 allies are looking for and will respond to "systematic efforts, industrial-scale efforts to try to reorient the settlement of financial payments and so forth."

Comments

Comments are closed for this article.