China says it wants to steer clear of U.S. sanctions over Russia’s invasion of Ukraine

China says it wants to steer clear of U.S. sanctions over Russia’s invasion of Ukraine


Chinese Foreign Minister Wang Yi attends a press conference in Beijing, China on March 7, 2022.

Li Xin | Xinhua News Agency | Getty Images

China’s foreign minister, Wang Yi, says Beijing wants to avoid being impacted by U.S. sanctions over Russia’s war with Ukraine.

“China is not a party to the crisis, nor does it want the sanctions to affect China,” Wang said Monday during a call with Spanish counterpart Jose Manuel Albares to discuss the crisis in Ukraine.

“China has the right to safeguard its legitimate rights and interests.”

His comments are seen as one of Beijing’s most explicit statements yet on the unprecedented barrage of international sanctions imposed against Russia’s corporate and financial system. The measures came in response to the Kremlin’s full-scale offensive into Ukraine, which began Feb. 24.

‘Intense’ talks

Officials from the U.S. and China met on Monday to discuss a range of bilateral issues, including Russia’s war with Ukraine. The talks, which were held in Rome, spanned seven hours and were described as “intense” by one senior administration official.

The U.S. has warned of consequences for any country that provides Russia with support amid the Kremlin’s conflict with Ukraine.

“We are watching very closely to the extent to which the PRC [People’s Republic of China] or any country in the world provides support material, economic, financial, rhetorical otherwise, to this war of choice that President [Vladimir] Putin is waging against the government of Ukraine, against the state of Ukraine and against the people of Ukraine,” State Department spokesman Ned Price said at a news briefing Monday.

“We have been very clear both privately with Beijing and publicly with Beijing that there would be consequences for any such support,” Price said.

CNBC Politics

Read more of CNBC’s politics coverage:

Russian Finance Minister Anton Siluanov said Sunday that the Kremlin was counting on China to help it withstand the fallout from global economic measures imposed against Moscow, Reuters reported.

In speaking with Spain’s Albares, China’s Wang reaffirmed Beijing’s long-held stance of objecting to unilateral sanctions outside of the United Nations.

“China always opposes the use of sanctions to solve problems, and even more opposes unilateral sanctions that have no basis in international law, which will undermine international rules and bring harm to the people’s livelihood of all countries,” Wang said.

— CNBC’s Amanda Macias and Weizhen Tan contributed to this report.



Source

This is what really causes recessions, a former top Trump White House economist says
Politics

This is what really causes recessions, a former top Trump White House economist says

In 1973, OPEC proclaimed an oil embargo on the U.S. for its decision to resupply the Israeli military during the Yom Kippur war. The embargo lasted until March 1974, and during this time oil prices quadrupled. To control supply, the federal government under Nixon rationed oil, by state, to 1972 levels. By February 1974, it […]

Read More
Powerful Missouri Republican who leads House transportation committee joins wave of retirements
Politics

Powerful Missouri Republican who leads House transportation committee joins wave of retirements

Committee on Transportation and Infrastructure Chair Sam Graves (R-Mo.). Kylie Cooper | Reuters Republican Rep. Sam Graves of Missouri, chairman of the House Transportation and Infrastructure Committee, announced Friday that he won’t seek reelection, joining a wave of retirements ahead of the midterm elections. Graves, 62, has represented a solidly GOP and rural northern part […]

Read More
‘No Kings’ protest rallies against Trump planned in thousands of U.S. cities
Politics

‘No Kings’ protest rallies against Trump planned in thousands of U.S. cities

A flag flutters near a banner depicting U.S. President Donald Trump during a “No Kings” protest against U.S. President Donald Trump’s policies, in Washington, D.C., U.S., October 18, 2025. Kylie Cooper | Reuters Thousands of rallies are expected across the U.S. on Saturday as part of the latest “No Kings” protest against the policies of […]

Read More