China opposes ‘illegal’ sanctions against Russia by United States and its allies

Mar 2, 2022 | INVESTING

Beijing neither supports, nor will be taking part in the imposition of, financial sanctions imposed by the West and its allies against Russia, according to China’s top banking regulator.Instead, it will strive to maintain “normal” trade and financial ties with both Moscow and Kyiv, said Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission.His comments at a press conference on Wednesday supported those made a day earlier by Commerce Minister Wang Wentao, who also…

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