Thursday, September 5, 2013

 

China and Russia issue warnings over Syria intervention

Chinese Vice Finance Minister Zhu Guangyao says military action would have a negative impact on the global economy.

China, Russia issue warnings over Syria intervention: Chinese Vice Finance Minister Zhu Guangyao: Chinese Vice Finance Minister Zhu Guangyao speaks at the G-20 summit.
Chinese Vice Finance Minister Zhu Guangyao speaks at the G-20 summit.
ST. PETERSBURG, Russia — China is warning other world powers of global economic risks of a potential U.S.-led military intervention in Syria's civil war.

Chinese Vice Finance Minister Zhu Guangyao says such "military action would definitely have a negative impact on the global economy, especially on the oil price."

He spoke in St. Petersburg on Thursday ahead of a summit of leaders of the Group of 20 leading world economies.

He cited estimates that a $10 rise in oil prices could push down global growth by 0.25 percent.


He urged a negotiated U.N. solution to the standoff over allegations that Syria's government used chemical weapons against its own people, expressing hope that "the world economic balance will become more stable rather than more complex and more challenging."

Meanwhile, Russia has warned that any U.S. strike on Syria's atomic facilities might result in a nuclear catastrophe and is urging the U.N. to present a risk analysis of such a scenario.

The warning comes from Russia's Foreign Ministry spokesman, Alexander Lukashevich. He said in a statement Wednesday that a strike on a miniature reactor near Damascus or other nuclear installations could contaminate the region with radioactivity, adding: "The consequences could be catastrophic."

International Atomic Energy Agency spokeswoman Gill Tudor told the Associated Press in an email Thursday that her agency is ready to "consider the questions raised" by Lukashevich if it receives a formal request to do so from Moscow.

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