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Biden Says He Warned Xi of Investment Chill If China Backs Putin

  • No sign yet of Beijing providing weapons to Moscow, Biden says
  • Biden tells 60 Minutes US investment is at stake for China
Bloomberg business news
WATCH: Biden said he warned Xi it would be a “gigantic mistake” to violate sanctions imposed on Russia. Bruce Einhorn reports.Source: Bloomberg

President Joe Biden said he warned Chinese President Xi Jinping it would be a “gigantic mistake” to violate sanctions imposed on Russia, but that there’s been no indication that Beijing has provided weapons to Moscow for its invasion of Ukraine.

Biden, according to excerpts from an interview with CBS’s “60 Minutes” airing Sunday, said he spoke with Xi shortly after the Chinese president met with Russia’s Vladimir Putin during the Olympics in February. Russia invaded days after the games’ closing ceremony.