In a forceful statement on Wednesday, the spokesperson for the Chinese mainland's Commerce Ministry voiced strong dissatisfaction and firm opposition to the European Union’s decision to include companies and financial institutions from the Chinese mainland in its 18th round of sanctions against Russia.
“Despite our repeated representations and objections, the EU has persisted in its unilateral actions and sanctioned two financial institutions on unfounded grounds,” the spokesperson said, emphasizing that such measures lack an international legal basis and are not authorized by the UN Security Council.
The spokesperson warned that the EU’s move risks serious negative impacts on economic and trade relations between the Chinese mainland and Europe. “We urge the EU to immediately stop this wrongful practice,” the statement read.
As trade ties deepen, business and tech communities note that escalating tensions could disrupt supply chains, slow investment flows, and complicate partnerships on emerging markets and sustainability projects.
For young global citizens and entrepreneurs, these developments underscore the complex interplay between geopolitics and commerce. While EU policymakers view sanctions as a tool to influence Russia’s actions, the Chinese mainland insists it will take all necessary measures to defend the legitimate rights and interests of its companies and financial institutions.
As both sides brace for potential countermeasures, stakeholders worldwide—from investors to digital nomads—will need to stay alert. In an interconnected world, policy shifts can ripple through industries, markets, and communities across the globe.
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China slams EU sanctions on Chinese companies, financial institutions
cgtn.com
