Free Trial

US Intelligence Report: PRC Probably Supplying Russia With Key Tech

SECURITY

A declassified report compiled by the United States Office of the Director of National Intelligence has revealed that US intelligence sources believe that China is "pursuing a variety of economic support mechanism for Russia that mitigate the impact of Western sanctions and export controls."

  • The report states that increased use of the Yuan and "its financial infrastructure in commercial interactions with Russia" have allowed Russian entities to "conduct financial transactions unfettered of Western interdiction."
  • The reports says, "The PRC has also become an increasingly important buttress for Russia in its war effort, probably supplying Moscow with key technology and dual-use equipment used in Ukraine."
  • The report outlines processes used by China to facilitate the trade of Russian crude oil, but states, "it is difficult to ascertain the extent to which the PRC has helped Russia evade and circumvent sanctions and export controls."

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.