China’s Ministry of Commerce has strongly objected to the European Union’s recent decision to include Chinese companies in its 14th sanctions package against Russia. On Wednesday, the ministry issued a statement expressing “strong dissatisfaction and firm opposition” to the EU’s actions, urging the bloc to reconsider its stance.
“China urges the EU side to bear in mind the overall interests of the China-EU comprehensive strategic partnership and unconditionally stop listing Chinese companies,” the ministry stated. It emphasized China’s commitment to safeguarding the legitimate rights and interests of its firms operating internationally.
The Chinese ministry criticized the EU’s move as an example of unilateral sanctions and “long-arm jurisdiction” without basis in international law or authorization from the United Nations Security Council. “Such a move goes against the spirit of the consensus reached by the leaders of China and the EU and has a negative impact on China-EU economic and trade relations,” the statement added.
The inclusion of Chinese firms in the EU’s sanctions package is part of the bloc’s ongoing efforts to address entities it believes are supporting Russia amid ongoing geopolitical tensions. The Chinese government has consistently opposed such sanctions, advocating for dialogue and cooperation instead.
This development raises concerns about potential escalations in trade tensions between China and the EU, two of the world’s largest economies. Analysts suggest that if the EU does not reverse its decision, it could strain the comprehensive strategic partnership and affect businesses and investors on both sides.
China and the EU have extensive economic ties, with bilateral trade reaching substantial levels. Business professionals and investors are closely watching the situation, as further sanctions could impact market dynamics and economic trends in the region.
The Chinese ministry’s strong response underscores the importance Beijing places on its relationship with the EU and its determination to protect its national interests and companies.
Reference(s):
China urges EU to stop sanctioning Chinese firms over Russian links
cgtn.com
