China warns of consequences if companies ‘choose sides’ in Russia-Ukraine war

China’s Ministry of Commerce on Thursday warned that companies that abide by sanctions the U.S. and its allies imposed on Russia could face repercussions in the Chinese market. “Since the conflict between Russia and Ukraine, relevant countries have imposed a series of sanctions on Russia, disrupting the normal economic and trade exchanges between China and Russia,” MOFCOM spokeswoman Shu Jueting said during a press conference on Thursday. “Some foreign companies violated normal market transaction principles and coerced Chinese companies to...