Beijing hits back at EU over sanctions on Chinese firms

AWANI

China will take necessary steps to protect the rights and interests of its companies, after the EU's 18th sanctions package against Russia included several Chinese firms and banks, said a spokesperson from the Commerce Ministry.

Transcript

00:00China will take necessary steps to firmly protect the legitimate rights and interests of its companies,

00:06says a China Commerce Ministry spokesperson.

00:09The statement comes in response to the EU's 18th sanctions package against Russia,

00:14which includes several Chinese firms and financial institutions.

00:20Two small Chinese banks near the Russia-China border were sanctioned

00:24as part of measures to block Russia's war funding.

00:26The spokesperson said the EU went ahead with the sanctions

00:29despite repeated objections from China, calling the move groundless and unacceptable.

00:35It stressed its firm opposition to unilateral sanctions

00:38that lack UN Security Council approval or legal basis under international law.

00:43The move comes just ahead of a major summit in Beijing on Thursday,

00:47where EU leaders are set to meet President Xi Jinping and Premier Li Qiang.

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