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China’s chief financial institution regulator says his authorities gained’t be part of america and European governments in imposing monetary sanctions on Russia
BEIJING — China gained’t be part of america and European governments in imposing monetary sanctions on Russia, the nation’s financial institution regulator mentioned Wednesday.
China is a significant purchaser of Russian oil and fuel and the one main authorities that has kept away from criticizing Moscow’s assault on Ukraine.
Beijing opposes the sanctions, mentioned Guo Shuqing, the chairman of the China Banking and Insurance coverage Regulatory Fee.
“We won’t be part of such sanctions, and we’ll maintain regular financial, commerce and monetary exchanges with all of the related events,” Guo mentioned at a information convention. “We disapprove of the monetary sanctions, significantly these launched unilaterally, as a result of they don’t have a lot authorized foundation and won’t have good results.”
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