Foreign reserves freeze a ‘violation of sovereignty’ – China ...News

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Foreign reserves freeze a ‘violation of sovereignty’ – China
source : Russia Today ( News ) () 27
Beijing’s UN ambassador has blasted arbitrary seizures of countries’ assets China has called on Western states to refrain from freezing the foreign reserves of other nations, saying that the measure undermines world economic stability. The Chinese ambassador to the UN, Zhang Jun, made the remarks at a UN Security Council meeting on Ukraine on Tuesday. The call comes a month after roughly half of Russia’s foreign exchange reserves, worth over $300 billion, were frozen by Western countries as part of sanctions over Moscow’s military operation in Ukraine. “Arbitrary freezes of foreign exchange reserves of other count

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