A Chinese flag flutters outside the Chinese foreign ministry in Beijing, China February 24, 2022. REUTERS/Carlos Garcia RawlinsWASHINGTON, Feb 26 - China so far does not appear to be helping Russia evade Western financial sanctions on Moscow over its invasion of Ukraine, but doing so would "do profound damage" to China's reputation, a senior Biden Administration official said on Saturday.
The official said that recent reports that some Chinese banks have stopped issuing letters of credit for purchases of physical commodities from Russia were a positive sign.This "suggests that, much like has been the pattern for years and years, China has tended to respect the force of U.S. sanctions," the official added.
The China-Russia trade relationship has grown significantly since 2014, when the West first imposed sanctions against Russian entities over Moscow's annexation of Crimea. L1N2UX36SSome of that trade is conducted in China's yuan currency, which could technically fall outside of sanctions aimed at cutting Russia off from transactions in U.S. dollars, euros, sterling and other major currencies.
Done poking Russia. Let's annoy China next.
😡
China only cares for it self and it’s interests. Without European and Western business partners China will collapse within months.
Chiba is thinking of thw consequences supporting the actions of Russia ,right now . With the world rallying behind the US and NATO is putt8ng them in a reevaluation state !
Russia do billateral swap to cny, therefore cny become trading proxy currency for them then cny should get strength in the coming weeks
Western NATO bombed the Chinese Embassy and NATO killed Chinese journalists. What do your media need China for? If Russia retaliates against China, you will abandon China as you abandon Ukraine.
看着勇敢抗击侵略的乌克兰人民和誓死守土的将士们，我致以最高敬意。你们的身影里，我看到了中国抗日战争时期的先辈们，我们拥有相同的不屈精神，这终将把侵略者赶出自己的家园。和平永远不是靠别人保护得来的，和平是自己争取来的，我们会站在道义的一边，支持抗击侵略的勇士们。🇨🇳🇺🇦
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