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

Senate should proceed with Warsh hearings for Fed chair despite Powell probe: Bessent
Politics

Senate should proceed with Warsh hearings for Fed chair despite Powell probe: Bessent

The Senate should move to advance Kevin Warsh, President Donald Trump’s nominee for Federal Reserve chairman, even as a federal criminal investigation into current chair Jerome Powell continues, Treasury Secretary Scott Bessent said Friday. Bessent, in an interview on CNBC’s “Squawk Box,” said he believes after speaking this week to Republicans on the Senate Banking […]

Read More
Europe has ‘failed’ in the face of Trump and Putin’s ‘wrecking ball’ politics, top security official says
Politics

Europe has ‘failed’ in the face of Trump and Putin’s ‘wrecking ball’ politics, top security official says

US President Donald Trump holds a bilateral meeting with European Commission President Ursula Von der Leyen on the sidelines of the United Nations General Assembly in New York City on September 23, 2025. Brendan Smialowski | Afp | Getty Images Europe is “totally on the sidelines” on the global stage as “wrecking ball” politics has […]

Read More
U.S., Taiwan finalize deal to cut tariffs, boost purchases of U.S. goods
Politics

U.S., Taiwan finalize deal to cut tariffs, boost purchases of U.S. goods

The city skyline is seen with the landmark Taipei 101 building from a lookout point on Elephant Mountain in Taipei on April 14, 2025. (Photo by I-Hwa Cheng / AFP) (Photo by I-HWA CHENG/AFP via Getty Images) I-hwa Cheng | Afp | Getty Images Trump administration officials signed a final reciprocal trade agreement that confirmed […]

Read More