BEIJING — China won’t join
the United States and European governments in imposing financial
sanctions on Russia, the country’s bank regulator said Wednesday.
China
is a major buyer of Russian oil and gas and the only major government
that has refrained from criticizing Moscow’s attack on Ukraine.
Beijing opposes the sanctions, said Guo Shuqing, the chairman of the China Banking and Insurance Regulatory Commission.
“We
will not join such sanctions, and we will keep normal economic, trade
and financial exchanges with all the relevant parties,” Guo said at a
news conference. “We disapprove of the financial sanctions, particularly
those launched unilaterally, because they don’t have much legal basis
and will not have good effects.”
Source : ABC News
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