• English
    • en_USEnglish
    • en_GBEnglish
28 °c
26 ° Tue
26 ° Wed
26 ° Thu
26 ° Fri
Wednesday, July 6, 2022
Asiafreepress
Advertisement
  • Home
    • Latest
  • World
  • Asia
    • China
    • Pakistan
    • Afghanistan
    • India
    • Central Asia
  • News
  • Politics
  • Security
  • Law
  • Business
  • Review
    • Editorial
    • Analysis
    • Perspective
    • Literature
  • Science & Tech
  • Entertainment
    • Showbiz
    • Lifestyle
  • Sports
  • Multimedia
Breaking News
UK denies visa to Iranian Tennis player, misses Wimbledon‘UK not giving up on Hong Kong’ depicts British Empire mentality but the World has changedRead here: This is what US has been providing to Ukraine, details of arms, ammunition dropped since conflict broke outInfo of over 3 lakh Israelis leaked in cyber attack by IraniansIran: Five dead, dozen injured in 6.1 magnitude earth quake
No Result
View All Result
  • Home
    • Latest
  • World
  • Asia
    • China
    • Pakistan
    • Afghanistan
    • India
    • Central Asia
  • News
  • Politics
  • Security
  • Law
  • Business
  • Review
    • Editorial
    • Analysis
    • Perspective
    • Literature
  • Science & Tech
  • Entertainment
    • Showbiz
    • Lifestyle
  • Sports
  • Multimedia
No Result
View All Result
Asiafreepress
No Result
View All Result
Home Asia

Xi at BRICS summit cautions West from politicizing global economy, says ‘sanctions are double-edged sword’

asiafreepress by asiafreepress
June 23, 2022
in Asia, China, Latest, Security, World
0
Chinese President Xi Jinping calls for extensive application of  digital technologies to government management and services
0
SHARES
13
VIEWS

Beijing: Taking a direct hit at United States Chinese President Xi Jinping criticized the politicization of global economy to ‘turn it into one’s tool or weapon’. He said ‘sanctions are a boomerang and a double-edged sword’.

Xi made these comments while delivering his keynote speech at the opening ceremony of the BRICS Business Forum in Beijing.

“It has been proved time and again that sanctions are a boomerang and a double-edged sword. To politicize the global economy and turn it into one’s tool or weapon, and willfully impose sanctions by using one’s primary position in the international financial and monetary systems will only end up hurting one’s own interests as well as those of others, and inflict suffering on everyone,” Xi noted.

The direct criticism of US and some Western countries comes in the backdrop of, what analysts claim ‘instigating problems between Russia and Ukraine via NATO expansion and forced or threatened other countries to join their sanctions against Russia after the crisis.’

The Global Times reported that BRICS members are expressing unity between emerging economies to withstand the pressure and act independently to safeguard their shared interests of cooperation and development.

“The Ukraine crisis is another wake-up call for all in the world. It reminds us that blind faith in the so-called ‘position of strength’ and attempts to expand military alliances and seek one’s own security at the expense of others will only land oneself in a security dilemma,” Xi said.

In his speech Russian premier Vladmir Putin said that more and more politically motivated sanctions are continuously introduced.

“..mechanisms of exerting pressure on competitors are further strengthened. There is intentional destruction of cooperation ties; transport and logistics chains are destroyed. And all this is contrary to common sense and basic economic logic, it undermines business interests on a global scale, negatively affecting the wellbeing of people, in effect, of all countries.”

Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, South African President Cyril Ramaphosa and Brazilian President Jair Bolsonaro attended the opening ceremony and delivered speeches virtually on Wednesday, while the offline ceremony was held at Beijing Diaoyutai State Guest House. 

Tags: BrazilChinaEconomyIndiaPakistanrussiasanctionsUS
Previous Post

Any deal with TTP subject to parliamentary approval, Military assures Political leadership

Next Post

Amid International sympathy to quake hit Afghanistan, IE says ‘can’t over come this alone’

asiafreepress

asiafreepress

Next Post
Earthquake leaves 280 dead in Afghanistan, toll likely to go up

Amid International sympathy to quake hit Afghanistan, IE says 'can't over come this alone'

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • Trending
  • Comments
  • Latest
Indian forces kill under trial inmate in staged encounter in Kashmir

Indian forces kill under trial inmate in staged encounter in Kashmir

October 26, 2021
Jammu Genocide: Forgotten human carnage of disputed region

Jammu Genocide: Forgotten human carnage of disputed region

November 6, 2021
Heroic Tale of a Pakistani SULTAN in 1971 War

Heroic Tale of a Pakistani SULTAN in 1971 War

December 1, 2021
Peace, development make way to Xinjiang. Experts reject US allegations of genocide in Xinjiang China

Peace, development make way to Xinjiang. Experts reject US allegations of genocide in Xinjiang China

November 26, 2021
Pakistan summons Indian diplomat over killing of Muslims  in Assam

Pakistan summons Indian diplomat over killing of Muslims in Assam

4
Jammu Genocide: Forgotten human carnage of disputed region

Jammu Genocide: Forgotten human carnage of disputed region

4
Peace, development make way to Xinjiang. Experts reject US allegations of genocide in Xinjiang China

Peace, development make way to Xinjiang. Experts reject US allegations of genocide in Xinjiang China

3
India’s senior army officer booked on rape charges

India’s senior army officer booked on rape charges

3
UK denies visa to Iranian Tennis player, misses Wimbledon

UK denies visa to Iranian Tennis player, misses Wimbledon

July 2, 2022
China FDI inflows record high in 2021

‘UK not giving up on Hong Kong’ depicts British Empire mentality but the World has changed

July 2, 2022
Russia conducts manoeuvres in the Black Sea, Ukraine, near Belarus

Read here: This is what US has been providing to Ukraine, details of arms, ammunition dropped since conflict broke out

July 2, 2022
Info of over 3 lakh Israelis leaked in cyber attack by Iranians

Info of over 3 lakh Israelis leaked in cyber attack by Iranians

July 2, 2022

Recent News

UK denies visa to Iranian Tennis player, misses Wimbledon

UK denies visa to Iranian Tennis player, misses Wimbledon

July 2, 2022
China FDI inflows record high in 2021

‘UK not giving up on Hong Kong’ depicts British Empire mentality but the World has changed

July 2, 2022
Russia conducts manoeuvres in the Black Sea, Ukraine, near Belarus

Read here: This is what US has been providing to Ukraine, details of arms, ammunition dropped since conflict broke out

July 2, 2022
Info of over 3 lakh Israelis leaked in cyber attack by Iranians

Info of over 3 lakh Israelis leaked in cyber attack by Iranians

July 2, 2022
Asiafreepress

Follow Asia Free Press (AFP) on Twitter, Facebook, Linkedin, Youtube and Instagram for the latest news from China, Pakistan, Afghanistan, India, Kashmir and across Asia.

Follow Us

Photo Gallery

Quick Links

  • Submission Guidelines
  • Privacy Policy
  • About Us
  • Contact Us

Stay in Touch

To be updated with all the latest news, offers, and special announcements.

No Result
View All Result
  • Home
    • Latest
  • World
  • Asia
    • China
    • Pakistan
    • Afghanistan
    • India
    • Central Asia
  • News
  • Politics
  • Security
  • Law
  • Business
  • Review
    • Editorial
    • Analysis
    • Perspective
    • Literature
  • Science & Tech
  • Entertainment
    • Showbiz
    • Lifestyle
  • Sports
  • Multimedia

en_USEnglish (United States)
en_GBEnglish (UK) en_USEnglish (United States)