China’s banking and insurance regulator said on Wednesday that the country opposes and will not join financial sanctions against Russia.
China's banking and insurance regulator said on Wednesday that the country opposes and will not join financial sanctions against Russia.
Guo, who is also Chinese Communist Party secretary of the People's Bank of China, added that he hopes all sides will maintain normal economic exchanges and that the sanctions have had no apparent impact on China so far. "Everyone is watching recent military conflict, or war, between Russia and Ukraine," Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said at a press conference in Mandarin, according to a CNBC translation. "China's position has been stated clearly by the Ministry of Foreign Affairs. Our international policies are consistent."
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