Yellen Calls on China to Push Russia to End Ukraine War.

She added, “And let’s be clear: The unified coalition of sanctioning countries will not be indifferent to actions that undermine the sanctions we’ve put in place.”

The United States and its allies in Europe and Asia have imposed sanctions on Russia’s central bank, its top financial institutions and its military supply chain. There is growing pressure to level sanctions on Russia’s energy industry, and some have argued that the United States must consider “secondary sanctions” on countries that do not comply with restrictions that the Biden administration has enacted on transactions.

Referring to Russia’s president, Vladimir V. Putin, Ms. Yellen asserted that the United States did not intend to let up in its effort to strangle the Russian economy, saying, “Rest assured, until Putin ends his heinous war of choice, the Biden administration will work with our partners to push Russia further towards economic, financial and strategic isolation.”

Article source: https://www.nytimes.com/2022/04/13/business/yellen-war-global-economy.html