The China Mail - China defends Russian oil purchases, slams US 'bullying'

USD -
AED 3.672498
AFN 65.499211
ALL 82.749784
AMD 382.480249
ANG 1.789982
AOA 916.99995
ARS 1405.542203
AUD 1.543103
AWG 1.8
AZN 1.693234
BAM 1.678914
BBD 2.015168
BDT 121.862969
BGN 1.67299
BHD 0.376978
BIF 2950
BMD 1
BND 1.296392
BOB 6.91369
BRL 5.445017
BSD 1.000502
BTN 87.902174
BWP 13.363033
BYN 3.407859
BYR 19600
BZD 2.011844
CAD 1.404755
CDF 2115.000385
CHF 0.792155
CLF 0.024356
CLP 955.469724
CNY 7.124005
CNH 7.122405
COP 3862.5
CRC 503.040994
CUC 1
CUP 26.5
CVE 94.749817
CZK 20.763897
DJF 177.719945
DKK 6.38577
DOP 63.325005
DZD 130.078012
EGP 47.601096
ERN 15
ETB 148.285792
EUR 0.85501
FJD 2.27485
FKP 0.746654
GBP 0.744015
GEL 2.704974
GGP 0.746654
GHS 11.116238
GIP 0.746654
GMD 71.999941
GNF 8678.502503
GTQ 7.66322
GYD 209.320492
HKD 7.770785
HNL 26.184946
HRK 6.441196
HTG 130.919423
HUF 333.366502
IDR 16568.95
ILS 3.31179
IMP 0.746654
INR 87.99125
IQD 1310
IRR 42075.000042
ISK 121.070065
JEP 0.746654
JMD 160.792157
JOD 0.709025
JPY 150.194989
KES 129.250037
KGS 87.450099
KHR 4024.999733
KMF 422.000297
KPW 900.038713
KRW 1417.26017
KWD 0.30563
KYD 0.83373
KZT 537.22144
LAK 21695.000151
LBP 89550.000041
LKR 303.151262
LRD 183.191881
LSL 17.339721
LTL 2.95274
LVL 0.60489
LYD 5.429834
MAD 9.177497
MDL 16.878039
MGA 4514.999817
MKD 52.678152
MMK 2099.376681
MNT 3595.517312
MOP 8.010112
MRU 40.071249
MUR 45.198562
MVR 15.309477
MWK 1736.501678
MXN 18.436595
MYR 4.220079
MZN 63.866847
NAD 17.340265
NGN 1466.070025
NIO 36.609823
NOK 10.0628
NPR 140.642531
NZD 1.746893
OMR 0.3845
PAB 1.0003
PEN 3.385975
PGK 4.209986
PHP 58.020178
PKR 281.097914
PLN 3.63191
PYG 7074.244804
QAR 3.64125
RON 4.3482
RSD 100.14303
RUB 80.501022
RWF 1448
SAR 3.750454
SBD 8.237372
SCR 15.009618
SDG 601.556834
SEK 9.4202
SGD 1.29306
SHP 0.750259
SLE 23.119744
SLL 20969.499529
SOS 571.496482
SRD 39.241499
STD 20697.981008
STN 21.375
SVC 8.754212
SYP 13002.6477
SZL 17.339707
THB 32.519715
TJS 9.204601
TMT 3.5
TND 2.922973
TOP 2.342098
TRY 41.909185
TTD 6.790908
TWD 30.625598
TZS 2451.559949
UAH 41.655214
UGX 3469.781057
UYU 40.17426
UZS 12185.000067
VES 201.21765
VND 26335
VUV 122.596043
WST 2.809024
XAF 563.070135
XAG 0.01846
XAU 0.000229
XCD 2.70255
XCG 1.803198
XDR 0.700567
XOF 561.999972
XPF 102.599211
YER 238.902706
ZAR 17.34839
ZMK 9001.215392
ZMW 22.632279
ZWL 321.999592
  • RBGPF

    0.0000

    75.55

    0%

  • CMSD

    -0.1199

    24.09

    -0.5%

  • RYCEF

    0.3100

    15.3

    +2.03%

  • CMSC

    -0.0200

    23.72

    -0.08%

  • VOD

    0.0800

    11.48

    +0.7%

  • SCS

    0.0300

    16.56

    +0.18%

  • RELX

    0.2000

    45.22

    +0.44%

  • RIO

    -0.1100

    68.75

    -0.16%

  • NGG

    0.8700

    75.9

    +1.15%

  • BCC

    -1.6000

    70.84

    -2.26%

  • BCE

    0.0400

    23.69

    +0.17%

  • JRI

    -0.1600

    13.78

    -1.16%

  • GSK

    -0.0100

    43.77

    -0.02%

  • AZN

    -1.0000

    83.83

    -1.19%

  • BTI

    0.3900

    51.14

    +0.76%

  • BP

    -0.5600

    32.78

    -1.71%

China defends Russian oil purchases, slams US 'bullying'
China defends Russian oil purchases, slams US 'bullying' / Photo: © POOL/AFP

China defends Russian oil purchases, slams US 'bullying'

China said Thursday that its purchases of Russian oil were "legitimate" and decried recent "unilateral bullying" measures by the United States as the trade row between the two countries continues to intensify.

Text size:

The rebuke came after President Donald Trump said Wednesday that Indian Prime Minister Narendra Modi had promised to stop buying Russian oil, and that he would get China to follow suit.

Trump has accused both China and India of funding the three-year Ukraine war through the purchases, and has also demanded that European allies immediately stop buying oil from Russia.

India neither confirmed or denied it was shifting its policy.

Asked on Thursday about Trump's intention to pressure China further, Beijing's foreign ministry defended its "normal, legitimate economic, trade, and energy cooperation with countries around the world, including Russia".

"The actions of the United States are a typical example of unilateral bullying and economic coercion," ministry spokesman Lin Jian said at a press briefing.

If China's interests are harmed, it will "take firm countermeasures and resolutely safeguard its sovereignty", he warned.

Beijing and Moscow are key trading partners, and China has never denounced Russia's war, nor called for it to withdraw its troops.

Kyiv and Western governments have long accused Beijing of providing political and economic support for Moscow.

- 'Profoundly detrimental' -

Beijing on Thursday also criticised recent US moves to expand export controls and impose new port fees on Chinese ships, saying the measures had a "profoundly detrimental" impact on trade talks between the two superpowers.

While tensions between Washington and Beijing have de-escalated from their peak, the truce remains shaky.

After Beijing imposed fresh controls on the export of rare earth technologies and items, Trump said he would roll out an additional 100-percent tariff on the country's goods from November 1.

The United States announced in April it would begin applying fees to all arriving Chinese-built and operated ships after a "Section 301" investigation found Beijing's dominance in the industry was unreasonable.

Section 301 of the US Trade Act of 1974 enables Washington to impose trade penalties on countries whose practices are deemed unfair or harmful to American commerce.

Beijing responded last week by announcing "special port fees" on American ships arriving at Chinese ports. Both sets of fees took effect Tuesday.

Commerce ministry spokeswoman He Yongqian said Thursday the US moved ahead with the measures while "disregarding China's sincerity in consultations", causing "severe damage to China's interests... (and) a profoundly detrimental impact".

"The Chinese side expresses strong dissatisfaction with and resolutely opposes the series of actions taken by the US side," He Yongqian said.

She urged Washington to "immediately rectify its erroneous practices" and respect the outcomes of recent trade talks.

China's commerce minister Wang Wentao accused the US of sparking the latest trade row during a meeting with Apple CEO Tim Cook in Beijing.

"Maintaining the overall stability of China-US trade ties requires both sides to meet halfway," Wang told the visiting American CEO according to a ministry readout.

"Maintaining the overall stability of China-US trade ties requires both sides to meet halfway," Wang said, adding that China welcomed deeper investment from Apple and remained open to foreign firms.

V.Fan--ThChM