Guo Shuqing, Chairman of China Banking and Insurance Regulatory Commission, attended the State Council Information Office press conference on promoting high-quality development of the Banking and Insurance Industry on the 2nd. March 2021 in Beijing.
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BEIJING – China’s banking and insurance regulator on Wednesday said the country opposes and will not join financial sanctions against Russia.
“People are watching the recent military conflict, or war, between Russia and Ukraine,” Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said at a news conference in Mandarin. Voice, as translated by CNBC. “China’s position has been clearly stated by the Ministry of Foreign Affairs. Our international policies are consistent.”
“In terms of financial sanctions, we don’t support that,” Guo said, noting specific opposition to “unilateral” sanctions, which he said did not effectively address the issues. problem. “China will not join such sanctions.”
Guo is also the Communist Party of China secretary of the People’s Bank of China, the country’s central bank. He added on Wednesday that he hoped all sides would maintain normal economic exchanges and that the sanctions had had no apparent impact on China so far.
China’s foreign ministry has refused to call Russia’s attack on Ukraine an invasion. Beijing’s way is to promote negotiationsas China tries to position itself further away from Russia than was portrayed in early February during a high-level meeting between Chinese President Xi Jinping and Russian President Vladimir Putin.
The United States, United Kingdom and European Union scrambled to slap each other punish Russiafirst to try to prevent conflict with Ukraine, and then to pressure Putin to stop the invasion of Ukraine.
