US officials anticipate that the Group of Seven (G7) will issue a stern warning to smaller Chinese banks at their summit in Italy on June 13-15, urging them to stop helping Russia bypass Western sanctions. The summit will concentrate on the rising trade between China and Russia and its implications for Ukraine. At the time of writing, the discussions are likely to lead to public statements targeting these banks, although no immediate punitive measures, such as SWIFT restrictions or dollar access cutoffs, are expected. The focus will be on smaller banks, avoiding the largest Chinese institutions. Ongoing negotiations are shaping the warning’s final form. The US has repeatedly cautioned financial institutions against aiding Russia, emphasising the strategic risks posed by China’s increasing role in supporting Russia’s military efforts.