AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,599 Increased By 139.8 (0.55%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)

BERLIN: China and Germany traded barbs Tuesday over Ukraine, with Beijing warning the EU against sanctions targeting its companies while Berlin said “neutrality” in the conflict meant taking Russia’s side.

At their second meeting in a month, the foreign ministers of the two countries, Qin Gang and Annalena Baerbock, clashed repeatedly over major powers’ responsibilities on the world stage.

Qin warned the European Union against imposing punitive measures again Chinese companies over Russia, saying it would take action to protect their interests.

Referring to discussions within the EU over possible restrictions on eight Chinese companies, he said that if punitive action was taken, “China will also take the necessary response to firmly protect the legitimate interests of Chinese companies”.

Chinese and Russian companies enjoy “normal exchanges and cooperation” which “should not be affected”, Qin said, following talks in Berlin with Baerbock.

China was “firmly against” other countries imposing their own regulations or taking unilateral action against it, added Qin, who is on a European tour also taking in France and Norway. EU ambassadors are meeting on Wednesday to begin discussions on an 11th round of sanctions over Russia’s war on Ukraine.

As part of the package, the EU’s executive has recommended halting exports of sensitive technologies to eight Chinese companies over suspicions they were selling them on to Russia, according to a document seen by AFP.

The EU wants to crack down on the re-exportation via third countries to Russia of sensitive technology that can be used on the battlefield, such as microchips.

In Berlin, Qin insisted that Beijing has always pushed for “peaceful dialogue” to end the war in Ukraine. China will dispatch a special envoy to Ukraine on the matter, he said, urging Germany to do more to push for a ceasefire and peace talks. But Baerbock pressed Beijing to take a clear stance against Russia, warning that neutrality in the war meant siding with Moscow.

“Neutrality means taking the side of the aggressor, and that is why our guiding principle is to make it clear that we are on the side of the victim,” she said. Qin cautioned that Germany as Europe’s top economy would pay a heavy price if it sought to “decouple” from China, or distance itself economically from the Asian giant over political “differences”.

Comments

Comments are closed.