According to insiders, the United States and close Western allies are exploring the possibility of new sanctions against China. This concerns measures in case China provides military support to Russia in the war against Ukraine.
The polls are still at an early stage and mainly affect the G7 group of leading industrialized countries. In addition to the US, the G7 includes Germany, France, Italy, Japan, Canada and Great Britain. Exactly what sanctions were involved, remained open.
The US’s first exploratory steps include informal contacts on a personal and diplomatic level, according to insiders. The cornerstone for possible action against the Beijing government should be laid with the core group of countries most in favor of sanctions against Russia following its invasion of Ukraine a year ago.
“Set Impulses”
The efforts of the US have not yet led to broad agreement on concrete measures. A US official said the US first wanted to put forward the idea of coordinated sanctions and “give impetus” in the event that Chinese military supplies to Russia were discovered.
Daniel Kritenbrink, the top US diplomat for East Asia, said before the US Congress this week that the US had made very clear its concerns to China – both privately at the Munich security conference and publicly. “We talked about the implications and the consequences. (…) And we also know that many of our like-minded partners share these concerns.”
Global interdependence is a problem
One of the problems that can arise when imposing sanctions on the world’s second-largest economy is China’s strong ties to the major economies of Europe and Asia. Countries from Germany to South Korea are therefore reluctant to anger China.
Anthony Ruggiero, sanctions expert under former US President Donald Trump, said the US could economically restrict private actors in China. They could make it clear to China that they would step up sanctions to hit Chinese banks by any means at their disposal. So the US should give China the choice of accessing the US financial system or supporting the war against Russia. That could deter the Chinese government and banks from further aid to Russia.
Source: Krone
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