Contents tagged with China

  • Ukraine’s Foreign Minister embarks on landmark visit to China

    Ukraine’s Foreign Minister Dmytro Kuleba is set to visit China this week following an invitation from his Chinese counterpart, Wang Yi, according to China’s state news agency Xinhua.

    This marks Kuleba’s first trip to Beijing since the onset of Russia’s invasion of Ukraine. For nearly two years, Kuleba has refrained from visiting the Chinese capital.

    China's Foreign Ministry has shared limited details about the visit, with spokesperson Mao Ning stating that Kuleba will be in China for several …

  • Russia faces major trade disruption as Chinese banks reject Yuan payments

    Russian importers are grappling with a new significant issue in their transactions with China. Payments in yuan bought in Russia are increasingly being rejected, causing alarm among market participants, reports The Moscow Times. Both Chinese banks and payment agents handling transfers to the East via third countries are wary of dealing with such funds, sources say.

    Market insiders revealed that new terminologies— "clean" and "dirty" yuan—have emerged in the cross-border payments sector since …

  • China condemns NATO allegations of support for Russia in Ukraine war

    China has sharply criticized the recent decision at the NATO summit in Washington, where Beijing was accused of assisting Russia's military campaign against Ukraine. The summit characterised China as a “decisive force” aiding Moscow’s aggressive action, according to Evropeyska Pravda.

    The Chinese Mission to the European Union called on NATO to stop escalating the so-called "China threat" and provoking confrontation. Chinese Foreign Ministry spokesperson Lin Jian accused the alliance of …

  • Hungarian PM Viktor Orban's international tour continues with unannounced visit to China amid controversial diplomatic moves

    A plane commonly used by Hungarian Prime Minister Viktor Orban for international visits is currently over Russian airspace and is set to land in China on the morning of July 8th.

    Hungarian Prime Minister Viktor Orban has already visited Ukraine, Russia and Azerbaijan, and is now en route to China. According to the Hungarian news outlet, Orban will arrive in the People’s Republic of China at dawn on Monday, July 8th.

    The Hungarian government has yet to provide any details about the …

  • Chinese troops arrive in Belarus for joint anti-terror exercises amid tensions with Ukraine

    A group of Chinese military personnel has arrived in Belarus, though the exact number remains undisclosed. According to the Belarusian Ministry of Defence, the Chinese soldiers will participate in joint anti-terror exercises to be held from 8 to 19 July. The exercises aim to achieve "coordination between Belarusian and Chinese units." The arrival of the Chinese military is intended to lay the foundation for further development of Belarusian-Chinese military training cooperation.

    Meanwhile, …

  • China's new export controls disrupt trade with Russia: Russian industry faces delays and rising costs

    Starting on July 1, China has implemented export controls on a broad range of products that could be used in military industries and dual-use goods, according to The Moscow Times. This decision was made by the Ministry of Commerce of the People's Republic of China on May 30.

    The new list includes equipment, software, technology, parts, components, and engines for aviation and space exploration; everything necessary for the production of gas turbines; some equipment and software for the foundry …

  • Yuan trading at risk on Moscow Exchange amid escalating sanctions and stock market panic

    There’s a growing panic on the Russian stock market, and now the Moscow Exchange may have to halt trading of the Chinese national currency, the yuan.

    This comes in the wake of the Moscow Exchange being cut off from trading in US dollars and euros, leading to mounting concerns that the Chinese yuan could be next.

    Reports from Russian media, citing experts, indicate high risks that Chinese banks will cease cooperation with the Moscow Exchange and the National Clearing Center of the Russian …

  • Zelensky warns China's support for North Korea's military aid to Russia would be a global tragedy

    Ukraine's President Volodymyr Zelensky warned that if China joins other Russian allies, it will be a tragedy. In a recent interview, a segment of which he posted on his Telegram channel, Zelensky emphasised that if China were to support North Korea's supplies, for example, it would lead to "a completely different story."

    "This is not just a tragedy in terms of words. It is because Russia is currently aligned with North Korea and Iran. Iran delivers drones and, unfortunately, other weaponry," …

  • Zelensky: Xi Jinping assures China won’t supply weapons to Russia

    Ukrainian President Volodymyr Zelensky stated that Chinese President Xi Jinping has promised not to supply weapons to Russia. "I spoke with the head of China over the phone. He said that he would not sell weapons to Russia. We'll see. If he is an honourable person, he will not. Because he gave me his word," Zelensky said, during a joint press conference with U.S. President Joe Biden at the G7 summit in Italy.

    During the press conference, Volodymyr Zelensky called the security agreement reached …

  • Putin and Xi cement strategic alliance amid rising tensions with US

    Russian and Chinese leaders have reaffirmed their shared strategic interests and criticized what they see as the global dominance of the United States. During talks on Thursday, 16 May, the two sides agreed to expand political and economic cooperation.

    Putin is currently on a two-day state visit to China. This marks his first overseas trip since his inauguration for a fifth term as Russia's president. At the outset of his visit, Putin emphasised the "unprecedentedly high level of strategic …