China vows to protect Chinese companies amid potential U.S. sanctions

Mao Ning

20th February 2024 – (Beijing) In response to reports suggesting possible U.S. sanctions on Chinese firms for their alleged cooperation with Russia in the Ukrainian conflict, Chinese Foreign Ministry spokesperson Mao Ning stated on Tuesday that China would take necessary measures to safeguard the legitimate rights and interests of Chinese companies. Mao’s remarks came during a daily briefing, where he emphasized China’s commitment to an objective and fair stance in promoting peace talks regarding the Ukraine crisis.

The speculation surrounding potential U.S. sanctions on Chinese companies has raised concerns about escalating tensions between the two global powers. Media reports have suggested that the U.S. is considering imposing sanctions on Chinese firms believed to be aiding Russia in fueling the conflict in Ukraine. However, Mao reiterated that China has consistently pursued a balanced approach, neither idly standing by nor capitalizing on the situation.

Mao emphasised that China has the sovereign right to engage in normal cooperation with other nations, and firmly opposes unilateral sanctions and extraterritorial jurisdiction that lack a basis in international law and are not authorized by the United Nations Security Council. China’s stance reflects its commitment to upholding international norms and principles of non-interference in the internal affairs of other countries.

The potential imposition of sanctions on Chinese companies by the U.S. raises questions about the broader implications for bilateral relations and global economic stability. The enforcement of such measures could disrupt existing business relationships and hinder international trade flows. As tensions persist, both China and the U.S. face the challenge of balancing their respective interests while avoiding a further deterioration of their relationship.

The Chinese government has consistently emphasised the importance of dialogue and peaceful resolution in addressing international disputes. China’s commitment to promoting peace talks regarding the Ukraine crisis underscores its dedication to pursuing diplomatic channels and multilateral cooperation. By advocating for dialogue and rejecting unilateral actions, China seeks to create an environment conducive to resolving conflicts through negotiation and consensus-building.