AsianFin—The United States has preliminarily discussed sanctions on some Chinese banks but does not yet have a plan to implement such measures, Reuters reported on Tuesday, citing an U.S. official, as Washington seeks ways to curb Beijing's support for Russia.

The Wall Street Journal reported on Monday, citing people familiar with the matter, that the U.S. was drafting sanctions against some Chinese banks in the hopes of stopping Beijing's commercial support of Russia's military production.