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Reuters
Reuters
Business
David Lawder and Andrea Shalal

Yellen to China: Help stop Russia's war in Ukraine or lose standing in the world

FILE PHOTO: U.S. Treasury Secretary Janet Yellen testifies before a House Financial Services Committee hearing on "the State of the International Financial System,” on Capitol Hill in Washington, U.S., April 6, 2022. REUTERS/Tom Brenner

China should help end Russia's "heinous war" in Ukraine or face a loss of its standing in the world, U.S. Treasury Secretary Janet Yellen said on Wednesday, warning that those who seek to undermine Western sanctions face economic consequences.

Yellen said in a landmark speech that she "fervently" hoped that China would use its "special relationship" with Russia to persuade Moscow to pursue end the conflict, and that countries "sitting on the fence" about the war were shortsighted.

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