We want to avoid US sanctions over Russia invasion, says China

Concerns are growing among investors that Chinese companies will face US sanctions after American officials said Russia requested military and financial assistance from Beijing

China wants to avoid being impacted by US sanctions over Russia’s war, Foreign Minister Wang Yi said, in one of Beijing’s most explicit statements yet on American penalties that are contributing to a historic market selloff. 

“China is not a party to the crisis, nor does it want the sanctions to affect China,” Wang said in a phone call on Monday with Spanish counterpart Jose Manuel Albares to discuss the war in Ukraine. “China has the right to safeguard its legitimate rights and interests.”

Concerns are growing among investors that Chinese companies will face US sanctions after American officials said Russia requested