BR100 Decreased By (-0.97%)
BR30 Decreased By (-1.02%)
KSE100 Decreased By (-0.78%)
KSE30 Decreased By (-0.86%)
AGHA 7.69 Decreased By ▼ -0.12 (-1.54%)
BECO 5.15 Decreased By ▼ -0.06 (-1.15%)
BML 57.00 Decreased By ▼ -0.50 (-0.87%)
BOP 33.98 Decreased By ▼ -0.05 (-0.15%)
CNERGY 9.89 Decreased By ▼ -0.07 (-0.7%)
CSIL 5.30 Decreased By ▼ -0.01 (-0.19%)
FCCL 53.15 Decreased By ▼ -1.55 (-2.83%)
FFL 16.58 Decreased By ▼ -0.11 (-0.66%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 7.22 Decreased By ▼ -0.18 (-2.43%)
KOSM 5.75 Decreased By ▼ -0.02 (-0.35%)
LOTCHEM 29.06 Decreased By ▼ -0.26 (-0.89%)
MLCF 92.20 Decreased By ▼ -2.16 (-2.29%)
NBP 202.05 Decreased By ▼ -1.00 (-0.49%)
NCPL 56.55 Decreased By ▼ -0.45 (-0.79%)
NPL 66.77 Decreased By ▼ -0.93 (-1.37%)
OGDC 314.40 Decreased By ▼ -1.44 (-0.46%)
PACE 10.51 Decreased By ▼ -0.13 (-1.22%)
PAEL 42.05 Decreased By ▼ -1.15 (-2.66%)
PIBTL 16.49 Decreased By ▼ -0.25 (-1.49%)
PPL 216.38 Decreased By ▼ -3.40 (-1.55%)
PRL 50.65 Increased By ▲ 1.46 (2.97%)
PTC 69.72 Decreased By ▼ -0.81 (-1.15%)
SSGC 26.85 Decreased By ▼ -1.40 (-4.96%)
TBL 9.75 Decreased By ▼ -0.11 (-1.12%)
TELE 8.68 Decreased By ▼ -0.11 (-1.25%)
TPL 18.25 Increased By ▲ 0.01 (0.05%)
TPLP 13.56 Increased By ▲ 0.29 (2.19%)
TREET 22.50 Decreased By ▼ -0.22 (-0.97%)
TRG 59.50 Decreased By ▼ -0.64 (-1.06%)
World

China says it opposes sanctions after SWIFT ban on Russian banks

Published Updated
By

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 for this article.