Posted: 20.04.2022 11:17:00

China believes freezing of countries' reserves violates their sovereignty

China’s Permanent Representative to the United Nations, Zhang Jun, said blocking the reserves of some states undermines global economic stability, and this process must be stopped, RT reports

Photo: www.tass.ru

"Arbitrary freezing of foreign exchange reserves of other countries constitutes a violation of sovereignty,” Mr. Jun said during a meeting of the UN Security Council.

He believes such actions undermine the foundations of world economic stability and bring risks to international relations. China’s Permanent Representative to the UN urged to abandon this practice.

Earlier, Mr. Jun stated that the use of indiscriminate sanctions could undermine world trade and the economy.

The Chinese Foreign Ministry’s press service stated that China and India are concerned about the impact of unilateral sanctions on the global economy and the security of supply chains.