Over the past two weeks, major economies such as the United States, Britain and the European Union have imposed economic sanctions on Russia following the recognition of independence against two separatist group territories in eastern Ukraine.
Several Banks have been subject to restrictions including some of the richest individuals. Recently, US giants such as Apple, Google and Harley Davidson decided to end sanctions on the Russian state.
Despite all the actions of this big economic country, the question arises whether China will follow in the footsteps of the steps to join the sanctions on Russia? The latest report based on a statement from China's national banking regulator stated that China would not join the Western -led sanctions on Russia.
According to Guo Shuqing, "with regard to financial sanctions, China does not agree to them, especially unilaterally imposed sanctions that do not work well and have no legal grounds".
"We will not participate in such restrictions. We will continue to maintain economic and trade exchanges as usual, ”he said.
China -Russia diplomatic relations so far have shown progress. Total trade between the two jumped 35.9% last year to a record $ 146.9 billion.
Guo added that the impact of sanctions on China's economy and financial sector so far has not been very significant.
