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The Biden administration on Wednesday announced nearly 300 new sanctions on international suppliers of military equipment technology that the administration said have been helping Russia restock its arsenal as it carries out the war in Ukraine.
The Biden administration announced a series of new financial sanctions Wednesday aimed at interrupting the fast-growing technology links between China and Russia that American officials believe are behind a broad effort to rebuild and modernize Russia’s military during its war with Ukraine.
President Biden has intensified efforts to shield American industries from foreign competition in an election year, as he courts blue-collar workers and attempts to avoid being outflanked on trade by his Republican rival, former President Donald J. Trump.
China’s top leader, Xi Jinping, and Russia’s foreign minister, Sergey V. Lavrov, met in Beijing on Tuesday, in a session seen as laying the groundwork for an expected visit to China by President Vladimir V. Putin of Russia and pushing back against mounting pressure from the United States and its allies.
Four days of top-level economic meetings between the United States and China concluded in Beijing on Monday with no major breakthroughs, but the world’s two largest economies agreed to hold more discussions to address rising friction over trade, investment and national security.
Treasury Secretary Janet L. Yellen confronted her Chinese counterpart about China’s surging exports of inexpensive electric vehicles and other green energy goods, saying that they were a threat to American jobs and urging Beijing to scale back its industrial strategy, the U.S. government has said.