China Warns West Not To Enforce Sanctions Against Russia

| |

White Gold - This Element Will Power Every Home In America

china-flag-lawyers-007

Sanctions could lead to retaliatory action, and that would trigger a spiral with unforeseeable consequences,” warns China’s envoy to Germany adding that “we don’t see any point in sanctions.” On the heels of Merkel’s warning that Russia risked “massive” political and economic damage if it did not change course, Reuters reports ambassador Shi Mingde urged patience saying “the door is still open” for diplomacy (though we suspect it is not) ahead of this weekend’s referendum. Russia’s Deputy Economy Minister Alexei Likhachev responded by promising “symmetrical” sanctions by Moscow. So now we have China joining the fray more aggressively.

Via Reuters,

China’s top envoy to Germany has warned the West against punishing Russia with sanctions for its intervention in Ukraine, saying such measures could lead to a dangerous chain reaction that would be difficult to control. In an interview with Reuters days before the European Union is threatening to impose its first sanctions on Russia since the Cold War, ambassador Shi Mingde issued the strongest warning against such measures by any top Chinese official to date.

“We don’t see any point in sanctions,” Shi said. “Sanctions could lead to retaliatory action, and that would trigger a spiral with unforeseeable consequences. We don’t want this.”

Using her [Merkel’s] toughest rhetoric since the crisis began, she warned in a speech in parliament on Thursday that Russia risked “massive” political and economic damage if it did not change course in the coming days.

Russia’s Deputy Economy Minister Alexei Likhachev responded by promising “symmetrical” sanctions by Moscow. But Shi urged patience, saying the door for talks should remain open even after a referendum on Sunday in which Ukraine’s southern region of Crimea could vote to secede and join Russia. Merkel and other western leaders have denounced the referendum as illegal and demanded that it be canceled.

“We still see a chance to avoid an escalation. The door to talks is still open. We should use this possibility, also after the referendum,” Shi said.

After the Referendum, so when Russia is already in control. More importantly, China joins the fray with threats over West’s sanctions. Perhaps BTFWWIIID will make a re-appearance any minute now.

Delivered by The Daily Sheeple

We encourage you to share and republish our reports, analyses, breaking news and videos (Click for details).


Contributed by Tyler Durden of Zero Hedge.

Wake The Flock Up! Please Share With Sheeple Far & Wide:
  • Sgt Rock

    Last thing China wants to see is the US imposing sanctions on Putin causing him to do his damnest to take down the dollar in response. All China’s T-Bills and outstanding accounts receivable with US corporations would be next to worthless–taking China’s economy down with it…and leaving Putin’s new Russia the last man standing.

    • onemotherpucker

      Bulls-eye!

  • Andy Fife

    Learn Chinese. And maybe some Ruskie. Your job will require it as you wait on your new masters