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WSJ What’s News

U.S. Targets Chinese Banks Helping Moscow’s War

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 23 April 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

A.M. Edition for April 23. Washington is drafting sanctions against some Chinese lenders as it seeks to stop Beijing from helping Russia rebuild its war machine. Plus, colleges struggle to stem the fallout from campus confrontations over the Israel-Hamas war. And as efforts to ban books soar across the U.S., WSJ’s Joseph De Avila discusses some of the targeted titles and the groups calling for the bans. Luke Vargas hosts. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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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