China Consistent in Rejecting Sanctions Leading to Destabilization: Russian Ambassador
View of Beijing, China.
BEIJING (Sputnik) – China shows consistency in rejecting illegitimate Western sanctions that grossly violate the principles of international law and free trade and lead to destabilization of the world market, especially in the energy sector, Russian Ambassador to China Igor Morgulov said in an interview with Russian journalists.”The desire of a group of unfriendly countries to set a price cap on Russian energy resources is not a topic on the Russian-Chinese agenda. The position of our country is as clear as possible, it has repeatedly been voiced by President Vladimir Putin – Russia will not export products to states that supported the introduction of a price cap on Russian energy resources,” Morgulov said.He said “Chinese partners also demonstrate consistency in rejecting illegitimate Western sanctions, grossly violating the principles of international law and free trade, that lead to destabilization of the world market, especially in such a sensitive area as energy.”Morgulov said he hopes Russia and China will be able to approach the target trade of $200 billion by the year end.In early October, the European Union introduced the eighth package of sanctions against Russia, which includes a legislative basis for setting a price cap on sea shipments of Russian oil to third countries. The price limit is expected to be introduced on December 5, 2022 for oil and on February 5, 2023 for oil products.Chinese companies have a good opportunity to increase the share of their products and develop new niches in the Russian market amid the withdrawal of a number of Western economic operators from it, Morgulov said.”Chinese enterprises have a good opportunity to increase the share of their products and develop new niches in the Russian market,” Morgulov told reporters.He noted that economic relations between Chinese and Russian companies were established even before the imposition of sanctions and the cessation of work by Western companies in Russia as a result of the military operation launched by Moscow in Ukraine in late February.
“China produces a wide range of goods both for the average consumer and for industrial needs. I would like to note that large Chinese business, even before the introduction of Western restrictions, showed noticeable activity on the Russian market – many companies have representative offices in Russia, there are reliable counterparties,” Morgulov said when asked whether Russia will be able to replace the necessary goods with Chinese ones.
He added that the mutual work is already underway and the Russian embassy together with the trade mission provides all kinds of support.
