China : Sanctions on Russia are increasing division..and everyone will lose

China has criticized the US embargo on oil, gas, and coal imports from Russia in response to the war in Ukraine.

“Waving the big stick of sanctions will bring us neither peace nor security… Sanctions will only cause severe difficulties for the economy and livelihoods of the countries concerned,” Chinese Foreign Ministry spokesman Zhao Lijian told the press in Beijing Wednesday.
He added, “Everyone will lose in this scenario. Sanctions will only increase division and confrontation.”

He noted that China and Russia maintain good cooperation in the energy sector. “We will continue business cooperation as usual,” the spokesman said.

On the punitive measures that the United States could take if Chinese banks and companies do not comply with other sanctions already imposed, the spokesman said China will take all necessary measures to resolutely defend the legitimate interests of Chinese companies and individuals.

Zhao said China rejects all unilateral sanctions and the extension of US jurisdiction outside the US territory.

He noted that in dealing with the Ukraine and Russia issues, the United States should take China’s concerns seriously and avoid undermining China’s rights and interests.

While the European Union imposes new sanctions on Russia

The 27 countries of the European Union decided on Wednesday to impose new sanctions on Moscow and Minsk after the invasion of Ukraine, including the dismissal of three Belarusian banks from the “SWIFT” system for money transfers, as announced by the French presidency of the Council of the European Union.

During their meeting in Brussels, representatives of member states also approved new sanctions targeting the maritime sector and cryptocurrencies and added Russian leaders and oligarchs to their blacklist, the EU presidency wrote on Twitter, in measures aimed at completing the three packages of sanctions adopted by the European Union in the past two weeks. .

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