Chinese Leadership Says It Won’t Join Sanctions on Russia, Trade Will Go on as Normal

Guo Shuqing, Chairman of the China Banking Regulatory Commission, listens to a question during a press conference in Beijing on March 2, 2017. Greg Baker/AFP/Getty Images

China won’t be joining in Western sanctions against Russia over its invasion of Ukraine and opposes such unilateral measures, the country’s banking regulator said on March 2.

Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, claimed that Western sanctions on Russia “don’t have much legal basis.”