Biden Says He’s Warned Xi Jinping of Investment Ramifications If China Violates Sanctions on Russia

Biden Says He’s Warned Xi Jinping of Investment Ramifications If China Violates Sanctions on Russia

President Joe Biden says he’s warned his Chinese counterpart Xi Jinping that violating U.S. sanctions imposed on Russia for its invasion of Ukraine would be a “gigantic mistake” that may hurt investment in China.

In an interview with CBS on Sunday, Biden said that he spoke with Xi not long after the Chinese leader signed a “no limits” partnership with Russian President Vladimir Putin during the Beijing Winter Olympics in February.

“And I said that if you think that Americans and others were going to continue to invest in China based on your violating the sanctions that have been imposed on Russia, I think you’re making a gigantic mistake. But that’s your decision to make,” he said.

Biden emphasized that he was not threatening Xi but rather warning him of the ramifications of violating the sanctions on Russia. He said there has been no indication thus far that China has offered weaponry in support of Russia.

Washington imposed a slew of sanctions on Russia to ramp up pressure on the Kremlin to halt its aggression in Ukraine. The European Union and several other countries have also followed suit.

Beijing’s “no limits” agreement stipulates that Russia recognize Taiwan as an “inalienable part of China” and rejects the self-ruled island’s independence “in any form,” while Beijing backs Russia’s opposition to NATO expansion.

Xi Meets With Putin

Chinese leader Xi Jinping and Russian President Vladimir Putin pose with Mongolia’s President during their trilateral meeting on the sidelines of the Shanghai Cooperation Organisation (SCO) leaders’ summit in Samarkand, Uzbekistan, on Sept. 15, 2022. (Alexandr Demyanchuk/SPUTNIK/AFP via Getty Images)

The Chinese and Russian leaders met on the sidelines of the Shanghai Cooperation Organization summit in Uzbekistan on Sept. 15, the first in-person meeting between Xi and Putin since Russia invaded Ukraine.

Putin said that Russia would support the Chinese Communist Party’s (CCP) “One China” principle, and lambasted the U.S. for “provocations” in the Taiwan Strait—an apparent reference to House Speaker Nancy Pelosi’s (D-Calif.) visit to support the island last month in the face of escalating threats from the mainland.

The two leaders reaffirmed their fledgling anti-Western alliance and dedication to creating a “multipolar world” in which the United States and its liberal democratic system of governance isn’t the sole superpower.

For Putin, the no limits alliance also means that Beijing’s continued support will ensure that Russia isn’t isolated, despite the harshest economic and diplomatic sanctions to date from developed countries.

For Xi, the alliance helps solidify the CCP’s leadership over the burgeoning anti-Western bloc just a month before its 2oth rubber stamp National Congress, in which he’s expected to secure a historic third term.

“Attempts to create a unipolar world have recently taken an absolutely ugly shape,” Putin said. “They are absolutely unacceptable for the vast majority of countries on the globe.”

Likewise, Xi proclaimed that together with Russia, China is ready to “set an example of what a responsible global power is and assume leadership in order to bring the rapidly changing world onto a path of sustainable and positive development.”

Andrew Thornebrooke and The Associated Press contributed to this report.

Aldgra Fredly

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Aldgra Fredly is a freelance writer based in Malaysia, covering Asia Pacific news for The Epoch Times.

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