Can lose much more than Russia: US senators have threatened China's sanctions

US Senator Ben Cardin said Congress is working with the administration on how sanctions against Russia can be enforced, but this would require more cooperation with other countries. The US is considering the possibility of sanctions against Chinese companies that, in their view, help Russia continue to wage a war against Ukraine. This was reported by CNBC members of Congress.

Senator-Democrat Gerald Connolly, a member of the United States House Committee on International Relations, said that the corresponding intentions of legislators are already considering. This happened after such events were proposed by the European Union last week. In his opinion, China should understand what it threatens.

These are the same types of sanctioning mechanisms that really begin to be fixed in the Russian Federation and affect Russian productivity, economic indicators and quality of life, can also be applied to China. "And to be honest, China can lose much more than Russia," he explained. In the Chinese economy, according to legislators, US sanctions can be hit very seriously. China's economy does not recover as quickly as expected.

The impact of Covid-19 pandemics and turbulence in the PRC real estate sector were negative factors. Such a step can also cause some harm to the United States, given the trade interdependence of these countries, and this reasoning prompted Washington to caution in the past. Connolly explained that this would not stop such punishments that can come "very soon". According to him, the risks themselves can force China to view their policies. US Senator Ben Cardin also commented on this probability.

He evaluated the possibility of imposing sanctions against China, similar to those that the EU offers. According to him, Congress works with the US Presidential Administration on how sanctions against Russia can be enforced, but this will require more cooperation with other countries. "This is the area we are considering," he added. Recall that the expert named the main reasons for the poor effectiveness of restrictions for the Russian Federation.