China says it does not want to be affected by sanctions against Russia .
Ukraine , Ukrainegate , 15 , March , 2022 | International News
Beijing wants to avoid US sanctions over Russian and Ukrainian invasions. This was stated by Chinese Foreign Minister Wang Yi .
Quote
“China is not a party to the crisis and does not want sanctions to affect China,” Wang said in a telephone conversation with Spanish counterpart Jose Manuel Albarez on Monday.
He added that “China has the right to protect its legitimate rights and interests.”
Details
According to media reports, the minister’s comments are seen as one of Beijing’s most outspoken statements about the unprecedented barrage of international sanctions imposed on Russia’s corporate and financial system.
Such measures were taken in response to the Kremlin’s full-scale invasion of Ukraine, which began on February 24.
The White House has reportedly warned China not to provide economic assistance to Russia. The United States says it fears that China, a key strategic ally of Moscow, could try to mitigate the effects of measures aimed at destroying Russia’s economy if the war continues.
Market participants fear that Chinese companies may soon face financial sanctions following reports that Moscow has turned to Beijing for help in supporting its invasion of Ukraine.
China has denied the allegations, and Russia has said it has not demanded military assistance from Beijing.
Context
Earlier, the Financial Times reported that Russia had turned to China for equipment and other assistance because, according to some reports, Russian troops may be short of weapons.
The United States has told its allies that China may be ready to provide military support to Russia.
They also warned that China would have “significant consequences” if Russia helped in the war against Ukraine.
Source: Ukrgate
