Home PoliticsAmerica China Rejects Military-Bloc Biden Politics

Chinese Vice Foreign Minister Le Yucheng has said globalization should not be “weaponized” and military-bloc politics must be “rejected.” The comments come one day after US President Joe Biden warned his Chinese counterpart Xi Jinping of “consequences” if Beijing supports Russia’s military action in Ukraine.

Speaking at the Fourth International Forum on Security and Strategy in Beijing on Saturday, the Chinese official agreed with Moscow’s assessment that NATO’s unchecked expansion in Eastern Europe and the failure to address Russia’s national security concerns had paved the way for the current crisis. He said a simple “commitment of no eastward expansion could have easily ended the crisis and stopped the suffering.”

“Instead, one chose to fan the flames at a safe distance, watching its own arms dealers, bankers and oil tycoons make a fortune out of the war, while leaving the people of a small country with the wounds of war that would take years to heal,” he said.

NATO’s pursuit of “absolute security” leads to “absolute non-security,” Le added.

Moscow has vehemently opposed NATO’s presence close to its borders, and embarked on a mission to obtain written guarantees that would halt the US-led military bloc’s expansion and bar Ukraine from joining its ranks. However, the West ignored Russia’s concerns.

President Vladimir Putin announced a “special military operation” on February 24, with a stated goal to “demilitarize and denazify” the government in Kiev, ensuring that it no longer poses a threat to either Russia or the newly recognized Donbass republics, which have suffered seven years of grueling siege. 

The US and its NATO allies have accused Russia of starting an “unprovoked” war to gobble up Ukraine. Moscow has seen thousands of harsh new curbs and sanctions slapped on it, with the US, EU and many other countries seeking to “isolate” and “destroy” the Russian economy.

“History has proven time and again that sanctions cannot solve problems,” Le said. “The sanctions against Russia are getting more and more outrageous… Sanctions will only harm ordinary people, impact the economic and financial system… and worsen the global economy.”

Beijing has come under increased pressure from the West to distance itself from Moscow and sever its trade ties, after China abstained from a United Nations General Assembly resolution condemning Russia’s military action in Ukraine, choosing to remain neutral alongside India, Pakistan, South Africa, and 30 other countries.

In a video conference call with President Biden on Friday, China’s leader Xi Jinping stressed that Beijing has always stood “for peace and opposes war,” urging all parties involved in the ongoing conflict between Moscow and Kiev to stick to diplomacy. Biden in response reportedly warned Xi that Beijing would face “consequences” should it provide material support or help Moscow to evade Western sanctions.

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.