The United States plans to impose sanctions that could cut off some Chinese banks from the global financial system to curb Beijing’s aid to its war industry of Russia writes The Wall Street Journal citing sources.

As the newspaper claims, his help Beijing it has enabled Moscow to restore its military-industrial potential, as China is Russia’s main supplier of microchips, aircraft parts, vehicles and machinery. Chinese banks act as key intermediaries in trade exports to Russia, making payments and providing credit to client companies for trade transactions, the newspaper points out.

However, US officials say sanctions on Chinese banks are being considered if diplomatic efforts fail to persuade China to curb exports of dual-use goods destined for Russia. Blocking Chinese banks from accessing the US dollar is characterized as an extreme measure, because such sanctions often lead to the bankruptcy of credit institutions, the newspaper points out. This measure – writes the newspaper – will constitute a particular risk for China in the context of a slowing recovery of its economy and increasing debt.

Reuters reported that in March some banks in China, the United Arab Emirates and Turkey, imposed stricter requirements on compliance with sanctions, which led to delays or denial of monetary transactions with Moscow. This shows that the sanctions imposed by the US can have a strong collateral impact, the agency pointed out.

Tomorrow, April 24, US Secretary of State Anthony Blinken begins a three-day visit to China. One of the goals of his visit is to persuade Beijing to end its support for Russia’s military-industrial complex.