China Is Not Undermining Russian Sanctions, Yellen Says

The transcript discusses the role of China in influencing Russia to end the conflict in Ukraine. It explores the potential use of secondary sanctions to persuade China and examines China's economic interests with the US and Europe. The impact of sanctions on the global economy and inflation is also discussed. Additionally, the transcript analyzes the increase in China-Russia trade and its implications for sanctions.

What is the main reason the U.S. wants China to apply pressure on Russia?

• To improve trade relations with China

• To stop the conflict in Ukraine

• To increase U.S. exports to Russia

• To reduce global oil prices

Why does the speaker believe China is not undermining U.S. sanctions?

• China has increased its military support to Russia

• China has imposed its own sanctions on Russia

• Chinese financial institutions value their access to the U.S. financial system

• China has stopped all trade with Russia

What would the U.S. do if a country helps a sanctioned entity evade sanctions?

• Ignore the situation

• Provide financial aid to the country

• Increase diplomatic relations with the country

• Impose sanctions on that country

What did a senior Chinese official say about China's relationship with Russia?

• China regards Russia as a friend

• China has decreased trade with Russia

• China considers Russia an adversary

• China is neutral towards Russia

Why might China be incentivized to purchase more Russian oil?

• China wants to support U.S. sanctions

• China has no other oil suppliers

• Russian oil is priced lower than Brent

• Russian oil is priced higher than Brent