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Newly introduced legislation in the U.S. House of Representatives would lead to targeted sanctions against China in the event it threatens Taiwan.
Last Friday, President Xi Jinping and President Joe Biden met virtually to discuss a number of aspects of U.S.-China relations, including the situation in Ukraine. This piece provides a rundown on the stated positions of the two governments on the issue, offers an overview of the reaction by
Senate Republicans Introduce Bill To Sanction Chinese Financial Institutions Conducting Transactions with Russia
Three Republican Senators have introduced legislation intended to prevent Chinese and Russian alternative payments systems from undermining U.S. sanctions.
New Zealand recently passed a sanctions law that targets Russia, but could also cover certain Chinese actions related to Russia, and may lay the foundation for future broad sanctions legislation that could cover Chinese government actions.
The China-led Asian Infrastructure Investment Bank (AIIB) has paused lending in Russian and Belarus due to the Russian invasion of Ukraine.
Senators John Kennedy (R-LA), Rick Scott (R-FL) and Kevin Cramer (R-ND) have introduced the Deterring Communist Chinese Aggression Against Taiwan Through Financial Sanctions Act, which would sanction China if it were to invade or blockade Taiwan.
Recently, the United States, the European Union and other nations have announced a wide range of sanctions against Russia. China's initial reaction has been to criticize the use of these sanctions as a matter of principle, but the extent to which it will cooperate with the sanctions remains unclear. This