'China has a lot more to lose': U.S. considering sanctioning Chinese firms aiding Russia's war
Munich, GERMANY — The U.S. is considering slapping sanctions on Chinese companies it believes are helping Russia fuel its war in Ukraine, members of Congress told CNBC, marking the first direct apportioning of blame toward Beijing since the start of the war. Democratic Senator Gerald Connolly, member of the U.S. House Committee on Foreign Relations, on Saturday said that lawmakers were already considering such plans after similar measures were proposed last week by the European Union. The provisions would mark the first direct penalties against Beijing despite long-held Western suspicions over its support for Russia's military operations. "China has to understand that the same kinds of sanctions which are beginning to really take hold in Russia and are affecting
