U.S. Targets Chinese Banks Helping Moscow’s War
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 23 April 2024
⏱️ 13 minutes
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| 0:00.0 | Plains powered by GE Aerospace Technology take off every two seconds and nearly 3 billion people flew last year with our technology under wing. |
| 0:09.0 | As a new independently traded company on the New York Stock Exchange, our purpose remains. |
| 0:15.0 | Invent the future of flight, lift people up, and bring them home safely. |
| 0:20.0 | The U.S. takes Amy. The US takes aim at Chinese banks aiding Russia's military. |
| 0:28.7 | Plus pro-Palestinian protests rock American campuses as schools scramble to limit disruption. |
| 0:36.3 | And the UK Parliament okay is a bill to deport asylum seekers to Rwanda as European countries ramp up their efforts to tackle illegal |
| 0:44.6 | migration. For almost two years our opponents have used every trick in the book to |
| 0:49.7 | block flights and keep the boats coming. But enough is enough. It's Tuesday, April 23rd. I'm Luke |
| 0:56.9 | Vargas for the Wall Street Journal and here is the AM edition of What's News. The top |
| 1:02.0 | headlines and business stories moving your world today. |
| 1:08.6 | The US is drafting sanctions that could cut off certain Chinese banks from the global financial system. |
| 1:15.0 | That is according to people familiar with the matter who said officials hope that the sanctions |
| 1:19.2 | threat will stop Beijing's commercial support of Russia's military production. |
| 1:25.2 | While China has thus far heated Western warnings not to send arms to Russia, |
| 1:30.0 | exports of dual-use commercial goods that also have military uses have surged since last year, |
| 1:36.2 | a trend the U.S. Secretary of State Anthony Blinkin, who's due in Beijing today, |
| 1:41.0 | warned about at a recent G7 meeting. |
| 1:43.2 | When it comes to Russia's defense industrial base, the primary contributor in this moment |
| 1:48.3 | to that is China. |
| 1:50.7 | We see China sharing machine tools, semiconductors, other dual use items that have helped Russia |
| 1:57.0 | rebuild the defense industrial base that sanctions and export controls had done so much to degrade. |
| 2:03.0 | China's foreign ministry has called sanctions against its firm's economic coercion, |
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