“While many countries have taken a united stand against Russia’s actions and many companies have quickly and voluntarily severed business with Russia, some countries and companies have not,” Yellen said in prepared notes, which will be delivered at a 10 a.m. event. , organized by the Atlantic Council, a non-partisan think tank on international affairs.
“Let me now say a few words to those countries that are currently sitting on the fence, perhaps seeing an opportunity to win by maintaining relations with Russia and filling the void left by others. Such motivations are short-sighted, “Yellen said.
Although Secretary Yellen did not name any specific countries, some nations – including China and India – were in no hurry to withdraw from Russia, given their need to import huge amounts of energy.
“Let’s be clear,” Yellen said, “a united coalition of sanctioning states will not be indifferent to actions that undermine the sanctions we have imposed.”
This story is evolving and will be updated.
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