Reuters, Ap, Europa Press and Afp
Newspaper La Jornada
Thursday, March 3, 2022, p. 4
Beijing. China will not join the US and European governments in imposing financial sanctions against Russia for its military actions in Ukraine.
As far as financial sanctions are concerned, we do not approve of them, especially those launched unilaterally, because they do not work well and have no legal basis
said Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission.
We will not participate in such sanctions. We will continue to maintain normal economic and trade exchanges with relevant parties.
He assured at a press conference.
The Asian giant is a major buyer of Russian oil, gas, coal and agricultural products, and has also been the only power not aligned with the West that has not criticized Moscow’s actions on Ukrainian territory. However, Guo expressed being very worried
for the current situation.
The impact of the sanctions on the Chinese economy and financial sector is not too significant so far
Guo said. In general, they will not have much impact (in China) even in the future
he added, highlighting the economic and financial strength of the country.
Total trade activity between Russia and China soared 35.9 percent last year to a record $146.9 billion, according to customs data.
Meanwhile, Japan, an ally of the United States, protested against Russia after denouncing the alleged incursion into its airspace by a Russian helicopter on the island of Hokkaido, north of the archipelago, amid international tensions over the conflict with Ukraine.
We protest to the Russian government using diplomatic channels and ask that these types of acts be stopped
, reported Hirokazu Matsuno, a government spokesman. He added that Russia’s increased activity near and within our territorial waters and airspace is disturbing
.
