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China cautious over cooperation with Russia over anti-Russian sanctions - Kremlin

Russian president’s press secretary Dmitry Peskov said the Russian-Chinese relations need time to develop

YUZHNO-SAKHALINSK, April 28. /TASS/. Chinese economic entities are cautious about cooperation with Russia because of the anti-Russian sanctions, Russian president’s press secretary Dmitry Peskov said on Sunday.

"Well, many Chinese banks and economic structures have to be cautious about the restrictions that are being used by the Americans and other countries because, after all, we are living in the era of the interdependent economy. So, naturally, Chinese partners quite often demonstration a cautious approach but it doesn’t mean that they support these sanctions," he said in an interview with the "Moscow. Kremlin. Putin" program on the Rossiya-1 television channel.

He said the Russian-Chinese relations need time to develop. He recalled that trade between the two countries now stands at about 100 billion US dollars, a figure that was hardly imaginable ten years ago. "Probably, it is the best proof that the situation is gaining momentum and the development of trade-and-economic and investment cooperation is yielding fruit," he said.

The United States, in his words, is using the sanctions in its own selfish interests seeking to "ensure advantages for its own economy by methods that are illegal from the point of view of international law and norms of international trade."

The United States began to impose sanctions against Russia over the situation in Ukraine and Crimea’s reunification with Russia in 2014. Its sectoral sanctions cover Sberbank, Vnesheconombank, Gazprombank, Kalashnikov Concern, Novatek, Almaz-Antey Concern, Gazpromneft, Lukoil, Surgutneftegaz, and Rosneft.