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China does not intend to stop trade cooperation with Russia


February, 28 2022
watermark Economic news

The Ministry of Foreign Affairs of China has announced its intention to continue mutually beneficial trade cooperation with Russia. 


The country has no plans to join the Western sanctions imposed in response to Russia's special operation in the Donbas. The United Kingdom, the European Union, the United States and Canada have imposed sanctions against Russia aimed at Russian banks, members of the State Duma who supported the recognition of the DPR and LPR, some businessmen, as well as personally against Vladimir Putin and Russian Foreign Minister Sergei Lavrov.


In addition, the European Union has closed its airspace to Russian aircraft and banned aircraft from landing, taking off or flying over the territory of the Union.

 

The EU has also decided to prohibit operations related to the management of reserves and assets of the Central Bank of Russia, including transactions with any legal entity, organization or body acting on behalf of or on behalf of the Central Bank.


China has stated that it opposes unilateral sanctions that are not based on international law. In addition, the PRC demanded that the United States not harm the legitimate rights and interests of China and other parties in resolving the Ukrainian issue.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.