AIRLINK 74.30 Decreased By ▼ -0.26 (-0.35%)
BOP 5.04 Decreased By ▼ -0.02 (-0.4%)
CNERGY 4.45 Decreased By ▼ -0.01 (-0.22%)
DFML 41.56 Increased By ▲ 1.83 (4.61%)
DGKC 87.90 Increased By ▲ 0.35 (0.4%)
FCCL 22.00 Increased By ▲ 0.07 (0.32%)
FFBL 34.40 Decreased By ▼ -0.19 (-0.55%)
FFL 9.98 Increased By ▲ 0.23 (2.36%)
GGL 10.50 Increased By ▲ 0.01 (0.1%)
HBL 113.82 Increased By ▲ 0.03 (0.03%)
HUBC 136.01 Decreased By ▼ -0.51 (-0.37%)
HUMNL 11.90 Increased By ▲ 1.00 (9.17%)
KEL 4.80 Increased By ▲ 0.13 (2.78%)
KOSM 4.61 Decreased By ▼ -0.03 (-0.65%)
MLCF 38.50 Increased By ▲ 0.04 (0.1%)
OGDC 135.80 Decreased By ▼ -0.34 (-0.25%)
PAEL 26.91 Increased By ▲ 0.30 (1.13%)
PIAA 20.80 Decreased By ▼ -1.69 (-7.51%)
PIBTL 6.72 Increased By ▲ 0.05 (0.75%)
PPL 122.78 Increased By ▲ 0.49 (0.4%)
PRL 27.00 Increased By ▲ 0.03 (0.11%)
PTC 14.54 Increased By ▲ 0.63 (4.53%)
SEARL 59.63 Decreased By ▼ -0.24 (-0.4%)
SNGP 70.14 Increased By ▲ 0.08 (0.11%)
SSGC 10.34 Decreased By ▼ -0.01 (-0.1%)
TELE 8.63 Increased By ▲ 0.09 (1.05%)
TPLP 11.29 Decreased By ▼ -0.05 (-0.44%)
TRG 65.50 Decreased By ▼ -0.50 (-0.76%)
UNITY 26.13 Decreased By ▼ -0.20 (-0.76%)
WTL 1.34 Decreased By ▼ -0.01 (-0.74%)
BR100 7,858 Increased By 33.4 (0.43%)
BR30 25,441 Increased By 34.9 (0.14%)
KSE100 75,280 Increased By 196.1 (0.26%)
KSE30 24,171 Increased By 76.9 (0.32%)

BEIJING: China's foreign ministry on Monday reiterated its opposition to the use of what it calls illegal and unilateral sanctions, after western countries moved to block some Russian banks from the SWIFT international payments system.

Foreign ministry spokesman Wang Wenbin, speaking at a regular daily news briefing, also brushed off a call from the White House on Sunday for China to condemn Russia's invasion of Ukraine, saying that China always stands on the side of peace and justice and decides its position on the merits.

China has refused to condemn Russia's attack on Ukraine or call it an invasion, and has repeatedly called for negotiations while acknowledging what it describes as Russia's legitimate security concerns.

Western countries have been ratcheting up sanctions that are intensifying pressure on Russian President Vladimir Putin.

"We are against using sanctions to resolve problems, even more so against unilateral sanctions without international mandate. China and Russia will continue regular trade cooperation based on the spirit of mutual respect and equality, equality and mutual benefit," Wang said.

Putin orders nuclear forces on high alert

Wang did not directly address questions on how the SWIFT sanctions would have an impact on bilateral trade with Russia, or whether China would ramp up purchases of Russian commodities including energy to help its giant neighbour.

China is Russia's biggest trading partner, and Putin and his Chinese counterpart Xi Jinping have grown increasingly close over the years. Earlier this month the countries signed a wide-ranging strategic partnership aimed at countering US influence and said they would have "no 'forbidden' areas of cooperation".

Comments

Comments are closed.