Yellen said she did not want the U.S.-led and Chinese-led elements to develop into a “bipolar” global system, but she said the Russian invasion of Ukraine marked an important moment when countries needed to decide where they stood. “Whether it’s peace and security or economic prosperity, the future of our international order is at a critical juncture”.
Yellen said, “China has confirmed a special relationship with Russia,” and “I fervently hope that China can use this relationship to have a positive impact and help end this war.”
“We call for firm action against Russia, and how China responds will likely shape the world’s attitude toward China and its willingness to embrace further economic integration,” Yellen said.
The Chinese government has not joined the U.S.-led sanctions campaign against Russia, while also calling for respect for the principles of sovereignty and territorial integrity. “If China does not abide by these principles at this critical juncture, the international community cannot be expected to honor its calls for sovereignty and territorial integrity in the future,” Yellen said.
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