China Permits Imports of Russian Wheat Hours After Invasion of Ukraine
While nearly all the rest of the developed world was placing sanctions on Russia following its invasion of Ukraine, China issued notice it would be lifting restrictions on Russian exports of wheat to China. China's General Administration of Customs announced…
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the move Feb. 23, according to an unofficial translation. The customs administration also laid out a series of monitoring and quarantine requirements for any wheat shipments. The two countries initially agreed to the trade following Russian President Vladimir Putin's visit to Beijing in early February, but it was announced only hours after Russia's invasion of Ukraine, the South China Morning Post reported Feb. 24. Russia is the world's largest exporter of wheat and the move could help alleviate its economic concerns following a large wave of sanctions from many of the globe's largest economies. "China will continue to carry out normal trade cooperation with Russia and Ukraine in the spirit of mutual respect, equality and mutual benefit," a Chinese Foreign Ministry spokesperson said Feb. 24, according to a transcript in English of a regular press conference.