Yellen called on China to put pressure on Russia to end the Ukraine war.

Treasury Secretary Janet L. Yellen on Wednesday urged China to persuade Russia to end the war in Ukraine and warned that sidelining could jeopardize China’s position in the world economy.

Amid growing frustration with the United States and its allies, the remarks come as China has refused to condemn Russia’s actions in Ukraine. Instead the two countries have forged a “special relationship”. The United States is concerned about whether China will help Russia avoid sanctions and stabilize its economy.

“In the future, it will be increasingly difficult to separate economic issues from a broader consideration of national interests, including national security,” Ms. Yellen said in a speech to the Atlantic Council, a think tank. “The world’s attitude towards China and its willingness to pursue further economic integration may be influenced by China’s response to our call for firm action against Russia.”

Ms Yellen added that Russia’s actions contradicted China’s long-standing commitment to sovereignty and territorial integrity and called on China to use its influence with Russia to end the war.

Ishwar Prasad, a former China director at the International Monetary Fund, said the United States was trying to keep China at bay through Miss Yellen’s comments.

The United States has said in a statement that Russia’s naked aggression in Ukraine is “challenging the system.”

The Treasury Secretary also said that Russia’s invasion of Ukraine had cast a shadow over the world economy after a two-year hiatus from the epidemic, but stressed that the United States and its allies continue to work together to tackle Russia with weak sanctions.

“The war between Russia and Ukraine has redefined the world economic outlook,” said Mrs. Yellen.

He spoke ahead of a spring meeting of the World Bank and the International Monetary Fund next week, when finance ministers from around the world would gather in Washington. After two years of lockdowns and supply chain disruptions, those officials are now engrossed in coordinating sanctions in an attempt to cripple the Russian economy while helping their own countries cope with rising inflation.

In her speech, Ms. Yellen identified countries such as China and India that are involved with Russia despite the global backlash against the atrocities in Ukraine.

“Let me now say something to the countries that are currently sitting on the fence, perhaps protecting their relations with Russia and seeing the opportunity to profit by filling the void left by others,” said Mrs. Yellen. “Such motivation is short-sighted.”

“And let’s be clear: the United Nations Alliance of Sanctions will not be indifferent to actions that violate the sanctions we have,” he continued.

The United States and its allies in Europe and Asia have imposed sanctions on Russia’s central bank, its top financial institution and its military supply chain. Level sanctions on Russia’s energy industry are under increasing pressure, and some have argued that the United States must consider “secondary sanctions” on countries that do not comply with the Biden administration’s rules on transactions.

Russian President Vladimir V. Referring to Putin, Mrs. Yellen stressed that the United States does not want to give up its efforts to stifle the Russian economy, saying, “Rest assured, until Putin ends the heinous war of his choice, Biden will push Russia further into economic, financial and strategic isolation.” The administration will work with our partners to pay. “

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