Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

‘Cold War mentality’: China’s Xi denounces ‘abuse of sanctions’

‘Cold War mentality’: China’s Xi denounces ‘abuse of sanctions’

At meeting of BRICS nations, Chinese leader says world must move away from US-led hegemony and towards a ‘future of harmony’.

Chinese President Xi Jinping said the world should oppose unilateral sanctions and efforts by some countries to maintain their political and military power – a veiled shot at the United States and its allies over opposition to the war in Ukraine.

Xi’s remarks on Thursday at the virtual meeting of the leaders of Brazil, Russia, India, China and South Africa, known collectively as BRICS, reflect China’s tacit backing of Russia in the war in Ukraine and its desire to form an international alliance opposed to the US-led liberal democratic order.

Nations need to “reject the Cold War mentality and bloc confrontation, oppose unilateral sanctions and abuse of sanctions, and reject the small circles built around hegemonism by forming one big family belonging to a community with a shared future for humanity”, Xi was quoted as saying by the official Xinhua news agency.

“As the representatives of important emerging markets and major developing countries, at a critical juncture of historical development, it is important to the world that we make right choices and take responsible actions.”

The BRICS meeting came amid rising concerns about the global economic outlook and a growing political divide between China and India.

While no agenda has been issued for the two-day talks, Ukraine is likely to feature heavily in the background.

Russian President Vladimir Putin, meanwhile, blamed “thoughtless and selfish actions of certain states” for the global economic crisis, adding, “honest and mutually beneficial cooperation” are the only way out of the situation.

“This crisis situation that has shaped in the global economy [is] caused by the thoughtless and selfish actions of certain states who, using financial mechanisms, essentially shift the blame for their own mistakes in the macroeconomic policy to the entire world,” Putin said.

The Russian leader also said BRICS’ influence globally was “steadily increasing” as the member countries deepened their cooperation and worked towards “a truly multipolar system of inter-state relations”.




Countering US-led order


China has refused to condemn Russia’s invasion while criticising sanctions brought against Moscow.

India has bought large amounts of Russian oil at a heavy discount, and South Africa abstained in a United Nations vote condemning Russia’s actions.

Along with Xi, Putin, Indian Prime Minister Narendra Modi, South African President Cyril Ramaphosa and Brazilian President Jair Bolsonaro joined the discussions.

China has sought to use the BRICS meetings to further its vision of an alliance to counter the US-led liberal democratic world order while expanding its economic and political footprint.

That has produced few tangible results, but Xi remains committed to the idea of an alternative — and principally authoritarian — mode of global governance, investing heavily in countries such as Cambodia while cracking down on civil rights in Hong Kong and boosting its military to assert its territorial claims in the South China Sea and threats to annex Taiwan by force.


‘Irresistible historical trend’


In an address to the BRICS Economic Summit on Wednesday, Xi said the conflict in Ukraine has “sounded an alarm for humanity,” continuing its formal position of neutrality while backing its ally Russia.

Xi said imposing sanctions could act as a “boomerang” and a “double-edged sword,” and the global community would suffer from “politicising, mechanising and weaponising” global economic trends and financial flows.

“Economic globalisation is an objective requirement for the development of productive forces and an irresistible historical trend,” Xi said.

The BRICS collective was founded in 2009 when the countries were seen as the potential engine for future global economic growth.

Since then, South Africa and Brazil have seen their economies become mired in crisis while China’s growth has sharply declined and Russia has become embroiled in its invasion of Ukraine and punishing economic sanctions imposed by the West.

China and India, meanwhile, feuded over their disputed border and New Delhi’s defence partnership with the US, Japan and Australia in what is known as The Quad. Skirmishes along the frontier resulted in a major standoff in 2020 leading to casualties on both sides.




AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Europe Signals Stronger Support for Taiwan at Major Taipei Defence Show
Germany Weighs Excluding France from Key European Fighter Jet Programme
Cyberattack Disrupts Check-in and Boarding Systems at Major European Airports
Björn Borg Breaks Silence: Memoir Reveals Addiction, Shame and Cancer Battle
When Extremism Hijacks Idealism: How the Baader-Meinhof Gang Emerged and Fell
JWST Data Brings TRAPPIST-1e Closer to Earth-Like Habitability
Trump Orders $100,000 Fee on H-1B Visas and Launches ‘Gold Card’ Immigration Pathway
France’s Looming Budget Crisis and Political Fracture Raise Fears of Becoming Europe’s “Sick Man”
Three Russian MiG-31 Jets Breach Estonian Airspace in ‘Unprecedentedly Brazen’ NATO Incident
European manufacturers against ban on polluting cars: "The industry may collapse"
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
Christian Brueckner Released from German Prison after Serving Unrelated Sentence
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
The conservative right spreads westward: a huge achievement for 'Alternative for Germany' in local elections
Pope Leo Warns of Societal Crisis Over Mega-CEO Pay, Citing Tesla’s Proposed Trillion-Dollar Package
Poland Green-Lights NATO Deployment in Response to Major Russian Drone Incursion
U.S. and China Agree on Framework to Shift TikTok to American Ownership
Le Pen Tightens the Pressure on Macron as France Edges Toward Political Breakdown
Czech Republic signs €1.34 billion contract for Leopard 2A8 main battle tanks with delivery from 2028
Penske Media Sues Google Over “AI Overviews,” Claiming It Uses Journalism Without Consent and Destroys Traffic
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
One in Three Europeans Now Uses TikTok, According to the Chinese Tech Giant
Could AI Nursing Robots Help Healthcare Staffing Shortages?
NATO Deploys ‘Eastern Sentry’ After Russian Drones Violate Polish Airspace
The New Life of Novak Djokovic
German police raid AfD lawmaker’s offices in inquiry over Chinese payments
Volkswagen launches aggressive strategy to fend off Chinese challenge in Europe’s EV market
France Erupts in Mass ‘Block Everything’ Protests on New PM’s First Day
Poland Shoots Down Russian Drones in Airspace Violation During Ukraine Attack
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Macron Appoints Sébastien Lecornu as Prime Minister Amid Budget Crisis and Political Turmoil
Vatican hosts first Catholic LGBTQ pilgrimage
Apple Unveils iPhone 17 Series, iPhone Air, Apple Watch 11 and More at 'Awe Dropping' Event
France joins Eurozone’s ‘periphery’ as turmoil deepens, say investors
France Faces New Political Crisis, again, as Prime Minister Bayrou Pushed Out
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
France, at an Impasse, Heads Toward Another Government Collapse
The Country That Got Too Rich? Public Spending Dominates Norway Election
EU Proposes Phasing Out Russian Oil and Gas by End of 2027 to End Energy Dependence
More Than 150,000 Followers for a Fictional Character: The New Influencers Are AI Creations
EU Prepares for War
Trump Threatens Retaliatory Tariffs After EU Imposes €2.95 Billion Fine on Google
Tesla Board Proposes Unprecedented One-Trillion-Dollar Performance Package for Elon Musk
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Big Tech Executives Laud Trump at White House Dinner, Unveil Massive U.S. Investments
Tether Expands into Gold Sector with Profit-Driven Diversification
‘Looks Like a Wig’: Online Users Express Concern Over Kate Middleton
×