Author Topic: China will not join sanctions against Russia, banking regulator says  (Read 923 times)

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China will not join sanctions against Russia, banking regulator says
PUBLISHED WED, MAR 2 20225:14 AM ESTUPDATED WED, MAR 2 20227:13 PM EST
Evelyn Cheng
@CHENGEVELYN

https://www.cnbc.com/2022/03/02/china-will-not-join-sanctions-against-russia-banking-regulator-says.html

KEY POINTS

China’s banking and insurance regulator said on Wednesday that the country opposes and will not join financial sanctions against Russia.

“China’s position has been stated clearly by the Ministry of Foreign Affairs. Our international policies are consistent,” said Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, according to a CNBC translation.

Guo, who is also Chinese Communist Party secretary of the People’s Bank of China, added that he hopes all sides will maintain normal economic exchanges and that the sanctions have had no apparent impact on China so far.

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