China Commerce Ministry spokesperson says regarding UK sanctions that measures lack basis in international law and are not unauthorised
This statement from China's Commerce Ministry highlights escalating tensions between China and the UK over sanctions, framing them as illegitimate.
[MARKET ANALYSIS] Asia-Pac stocks are mostly lower amid the conflict in Iran
Fresh US strikes on an aircraft and drone hangar neutralised immediate threats posed by the Iranian regime, according to Fox News
China Commerce Ministry spokesperson says regarding UK sanctions that measures lack basis in international law and are not unauthorised
US President Trump says the people he considered for Iran's next leader died in the air attacks, according to ABC News
[MARKET ANALYSIS] T-note futures faded early gains as higher oil prices increase inflationary pressures
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Says:
- China strongly opposes the sanctions and urges the UK to reverse sanctions on Chinese entities and correct what it calls wrongful measures to safeguard bilateral ties.
- China is to take necessary measures to safeguard the legitimate rights and interests of its enterprises.
The emphasis on potential retaliatory measures underscores risks for businesses engaged with Chinese entities, while also suggesting that diplomatic relations could be further strained if the UK does not reverse its position.
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