Beijing will respond decisively to the 18th package of EU sanctions - Ministry of Commerce of China

The People's Republic of China intends to respond decisively to the 18th package of sanctions of the European Union against the Russian Federation in order to protect the interests of Chinese companies.

According to the TASS news agency, the corresponding statement was published by the Ministry of Commerce of the People's Republic of China. It calls on Beijing to the European side to immediately abandon erroneous actions to include Chinese enterprises and financial institutions in the sanctions lists.

"The People's Republic of China will take the necessary measures, we will resolutely protect the legitimate rights and interests of Chinese companies," the document says.

It is also emphasized that the EU sanctions "contradict the spirit of mutual understanding" that was reached at the highest level. It is indicated that restrictions "have a serious negative impact on trade and economic relations, as well as financial cooperation between China and The European Union."

The commentary recalls that China has repeatedly made representations to the European side regarding such unilateral measures by Brussels.

"China expresses categorical dissatisfaction and resolute protest. China has consistently opposed unilateral sanctions that have no basis in international law and are not authorized by the UN Security Council," the Chinese ministry said in a statement.

Earlier, EADaily reported that the Council of the European Union at the end of last week approved the 18th package of sanctions against Russia. New restrictions have entered into force, they affect 14 individuals and 41 legal entities.