Russia says U.S. secondary sanctions aim to 'contain' China
Reuters
Published May 03, 2024 11:31AM ET
Updated May 03, 2024 11:42AM ET
MOSCOW (Reuters) - The United States is using the threat of secondary sanctions against Chinese businesses seen as engaging with Russia as a "pretext" to try and contain Beijing, Russian foreign ministry spokeswoman Maria Zakharova said on Friday.
Zakharova was answering a question about U.S. sanctions issued on Wednesday on nearly 300 targets - including Chinese companies - seen as helping Moscow to circumvent existing Western sanctions.
"China's economy irritates the U.S. to an extreme degree, so U.S. sanctions should be seen as an attempt to hold onto (its) economic leadership in the absence of any real opportunity to do so legally," Zakharova told a weekly press briefing.
"Russia is just a pretext," she said.
The new Treasury sanctions specifically targeted firms in countries including China, Azerbaijan, Belgium, Turkey, and the United Arab Emirates that it accused of enabling Moscow to acquire dual-use technologies and equipment from abroad.
The State Department also imposed sanctions on four China-based companies it accused of supporting Russia's defence industrial base, including by shipping critical items to entities under U.S. sanctions in Russia.
Asked to comment on the U.S. sanctions, Zakharova said: "You know, this is a trade war that is going at full speed for the redistribution of the market, for the United States to maintain its own pace of development.
"Their lack of resources pushes them to such aggressive actions", she added, referring to secondary sanctions.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.