China won't join the United States and EU in imposing financial sanctions on Russia

[yaesu]

Last edited Wed Mar 2, 2022, 11:41 AM - Edit history (1)

the country’s bank regulator has announced.

China is a major buyer of Russian oil and gas and the only major government that has refrained from criticizing Moscow’s attack on Ukraine, the Associated Press reported.

Beijing opposes the sanctions, said Guo Shuqing, the chairman of the China Banking and Insurance Regulatory Commission.

Reuters: Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission on Russian sanctions: "We will not participate in such sanctions. We will continue to maintain normal economic and trade exchanges with relevant parties..."


(so, china is basically siding with russia, surprise surprise, and they will laugh all the way to the bank.

[gab13by13]

1. China, India, Belarus, and the Putin Party (Republicans)

[samsingh]

3. India is not supporting Russia

[gab13by13]

4. India abstained last week,

to a UN Security Council condemnation of the Russian invasion.

India may not be supporting Russia but it also is not condemning Russia.

https://www.reuters.com/world/india/pressure-grows-india-condemn-old-friend-russias-invasion-ukraine-2022-03-02/

[samsingh]

9. they are not allied with russia. Modi is asking Russia to back down

i hope India does not buy anything from Russia. Looking for sources.

[former9thward]

5. They effectively are.

India gets most of its military equipment from Russia. They are not joining in the sanctions.

[samsingh]

15. Yes this was historical when the US was arming Pakistan. In recent years India

is buying from France (Rafale jets), US, Israel and Europe and has accepted equipment from Russia as well. Here is a link to a map of countries supporting Russia:

https://www.dailymail.co.uk/home/index.html

[BumRushDaShow]

13. And Mexico

Mexico's President López Obrador declines to impose economic sanctions on Russia

The latest action from the Mexican president stands in contrast to the international sanctions imposed on Russia for President Vladimir Putin’s actions.

March 1, 2022, 12:35 PM EST
By Reuters


Mexico will not impose any economic sanctions on Russia for invading Ukraine, Mexican President Andrés Manuel López Obrador said on Tuesday. He also criticized what he called censorship of Russian state-sponsored media by social media companies. “We are not going to take any sort of economic reprisal because we want to have good relations with all the governments in the world,” López Obrador told a news conference.

López Obrador’s position stands in contrast to the international sanctions imposed on Russia for President Vladimir Putin’s actions. Russia has built strong links to various governments in Latin America, especially authoritarian administrations in Cuba, Venezuela and Nicaragua, but its ties with Mexico are seen to be limited due to the strong U.S.-Mexico relations.

The Mexican and U.S. economies are deeply intertwined. But leftist leader López Obrador has at times had testy relations with the United States and has criticized U.S. foreign policy. López Obrador’s comments came in response to a question about the interest in Mexico of Russia’s second-largest oil producer Lukoil and Russian airline Aeroflot.

(snip)

https://www.nbcnews.com/news/latino/mexicos-president-lopez-obrador-declines-impose-economic-sanctions-rus-rcna18143

[Irish_Dem]

2. China is Russia's partner in crime.

They plan similar action in Asia.

[samsingh]

10. it is time not not to buy from China

manufacturing should start moving out to other countries.

[meow2u3]

14. Exactly! Bring it back home pronto

Why the hell did we send all our manufacturing jobs to China? So they could hit us over the head with economic or even military threats? Xi can GTH AFAIC!

We should bring back manufacturing to the US yesterday and call out the corporate execs who put their bottom line ahead of their patriotic duty--without the profiteering they've been getting away with for decades. Last I checked, there is a law against doing business with America's enemies, the Trading With the Enemy Act.

[Taraman]

6. This clarifies. Now we know.

[Chainfire]

7. And China will ask us, "Just what are you going to do about it?"

[JoanofArgh]

8. Of course not , they want to take over Taiwan.

[AZLD4Candidate]

11. To be honest, The CPC is just as authoritarian as Putin

It would make them look like giant hypocrites if they did support, considering.

Not a defense, but knowing what I know about China and "face," this isn't surprising at all.

[Crunchy Frog]

12. No one ever expected them to.