Russia imposed sanctions on Joe Biden, Hilary Clinton and other US Official

US Pressures China Amid Russia Trade

In an interview with the New York Times on Tuesday, US Commerce Secretary Gina Raimondo warned that if Chinese tech companies continue to ship chips to Russia and Belarus in violation of American sanctions, Washington may punish by cutting them off from key supplies. The US pressures China amid Russia trade.

She specifically targeted Beijing’s Semiconductor Manufacturing International Corporation (SMIC), a largely state-owned big chip manufacturer.

“They have their own self-interest to not supply this stuff to Russia. So they’re not doing it out of the goodness of their heart. It would be devastating to China’s ability to produce these chips,” Raimondo said

She warned any attempt from SMIC to override the US ban on trade with Russia will force Washington to restrict the company’s access to America’s most advanced software, which is essential for the manufacturer.

It is not the first time Raimondo has taken a harsh stance on China. During her confirmation hearings before Congress in January 2021, she also pledged to adopt a hard line in response to Beijing’s “unfair trade practices.” Earlier, the US Commerce Department under then President Donald Trump banned Chinese firm Huawei, as well as hundreds of other companies from importing American chips.

Earlier last week, Beijing made it clear that it was willing to preserve its trade relations with Moscow. “We will not join such unilateral sanctions, and we will continue to maintain normal trade, economic and financial ties with [Russia],” chairman of the Banking and Insurance Regulatory Committee Guo Shuqing declared.

The military attack on Ukraine in late February provoked a new round of sanctions against Russia. The sanctions are aimed at the tech, financial, and energy industries in the country.

Imports of high-tech products are currently prohibited from Russia and Belarus. SWIFT, the worldwide financial transactions service, has cut off some banks. Russian flights are also prohibited from travelling through the airspace of the United States and the European Union. At the same time, several international corporations have pulled out of the Russian market in protest of Moscow’s military offensive.

Source: rt.com

By Athleticshour

Sekyere Richard has had a 10-year involvement in the sport of athletics. He holds a Degree in Electrical and Electronics Engineering. Sekyere has experienced the sport as a middle/distance athlete, coach, and now journalist and blogger. Sekyere has published several articles on athletics from Ghanaian Athletics to World Athletics. He currently owns and manages the content and the marketing development of Athletics Hour. "I am passionate about sports, love writing and interviewing, traveling, and meeting new athletes and coaches. I like to expose the hidden talents in the youth and I am always in search of talents across Ghana". I have volunteered in one of the biggest ultra-marathons in the world "Elton Ultra Marathon in Russia. Covered many races in Ghana including ECOWAS CAA Region II Championship and multiple road and track races in Ghana. In 2021, he launched the "Better Ghana Athletics Agenda", which will help support the race organisers, athletes and coaches in all directions.

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