China says it won’t join in financial sanctions on Russia

Mar 2, 2022, 3:37 AM | Updated: 3:49 am

BEIJING (AP) — China won’t join the United States and European governments in imposing financial sanctions on Russia, the country’s bank regulator said Wednesday.

China is a major buyer of Russian oil and gas and the only major government that has refrained from criticizing Moscow’s attack on Ukraine.

Beijing opposes the sanctions, said Guo Shuqing, the chairman of the China Banking and Insurance Regulatory Commission.

“We will not join such sanctions, and we will keep normal economic, trade and financial exchanges with all the relevant parties,” Guo said at a news conference. “We disapprove of the financial sanctions, particularly those launched unilaterally, because they don’t have much legal basis and will not have good effects.”

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

FILE - The Flint water plant tower is seen, Thursday, Jan. 6, 2022, in Flint, Mich. A Michigan Supr...
Associated Press

EXPLAINER: Years later, Flint water court fight drags on

DETROIT (AP) — Michigan authorities have long promised to hold key officials criminally responsible for lead contamination and health problems arising from a disastrous water switch in Flint in 2014. There’s not much to show more than eight years later. The latest: an extraordinary rebuke Tuesday from the state Supreme Court, which unanimously dismissed indictments […]
12 hours ago
FILE-- Gas is advertised for more than $6 per gallon at a gas station in Sacramento, Calif., Friday...
Associated Press

California lawmakers to vote on $307.9 billion spending plan

SACRAMENTO, Calif. (AP) — California lawmakers on Wednesday will vote on a plan to spend $308 billion in taxpayer money over the next year as the coffers of the world’s fifth largest economy continue to swell during the pandemic. The centerpiece of the operating budget crafted by Democratic Gov. Gavin Newsom and legislative leaders is […]
12 hours ago
FILE - President Joe Biden speaks during the Major Economies Forum on Energy and Climate in the Sou...
Associated Press

Most say nation on wrong track, including Dems: AP-NORC poll

WASHINGTON (AP) — An overwhelming and growing majority of Americans say the U.S. is heading in the wrong direction, including nearly 8 in 10 Democrats, according to a new poll that finds deep pessimism about the economy plaguing President Joe Biden. Eighty-five percent of U.S. adults say the country is on the wrong track, and […]
12 hours ago
Lev Parnas, a former associate of Rudy Giuliani, arrives at the federal courthouse with his wife Sv...
Associated Press

Giuliani’s former Ukraine fixer gets 20 months in prison

NEW YORK (AP) — Lev Parnas, an associate of Rudy Giuliani who was a figure in President Donald Trump’s first impeachment investigation, was sentenced Wednesday to a year and eight months in prison for fraud and campaign finance crimes. Parnas, 50, had sought leniency on the grounds that he’d cooperated with the Congressional probe of […]
12 hours ago
This Feb. 26, 2021, file photo shows an oil well east of Casper, Wyo. The Biden administration is r...
Associated Press

Biden administration holding its first onshore oil sales

BILLINGS, Mont. (AP) — The U.S. government this week is holding its first onshore oil and gas drilling lease auctions since President Joe Biden took office after a federal court blocked the administration’s attempt to suspend such sales because of climate change worries. The online auctions start Wednesday and conclude Thursday. About 200 square miles […]
12 hours ago
Follow @ktar923...
Sponsored Content by Arizona Department of Health Services

Great news: Children under 5 can now get COVID-19 vaccine

After more than two years of battle with an invisible killer, we can now vaccinate the youngest among us against COVID-19. This is great news.

Sponsored Articles

(Courtesy Condor)...
Condor Airlines

Condor Airlines shows passion for destinations from Sky Harbor with new-look aircraft

Condor Airlines brings passion to each flight and connects people to their dream destinations throughout the world.
...
CANVAS ANNUITY

Best retirement savings rates hit 4.30%

Maximize your retirement savings with guaranteed fixed rates up to 4.30%. Did you know there is a financial product that can give you great interest rates as you build your retirement savings and provide you with a paycheck for life once you retire? It might sound too good to be true but it is not; this product is called an annuity.
...
Arizona Division of Problem Gambling

Arizona Division of Problem Gambling provides exclusion solution for young sports bettors

Sports betting in Arizona opened a new world to young adults, one where putting down money on games was as easy as sending a text message.
China says it won’t join in financial sanctions on Russia