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Chinese Foreign Minister Wang Yi said in an interview that was uploaded on April 2, 2022 to the YouTube channel of the Chinese state run outlet CGTN that countries should be "vigilant" against "adverse spillover effects" of the Ukraine crisis, such as unilateral sanctions, which he said countries should avoid, because they cause food shortages, undermine economic development, and cause an increase in oil and gas prices all over the world. Wang also said that a "rational solution" needs to be worked out, and that the "resurgence of the Cold War mentality" should be resisted in order to "safeguard" peace and stability.
Wang Yi: "All countries should be especially vigilant against the adverse spillover effects of the Ukraine crisis, which deserves our great attention. For example, unilateral sanctions. Or there may even be secondary sanctions and long-arm jurisdiction in the future. All of these are bound to undermine the legitimate development rights of other countries.
"So all the countries should boycott these. For example, the crisis caused the shortage of all kinds of food, the rise in oil prices and gas prices, and the price fluctuation of many bulk commodities, which will affect the global economic recovery and the economic development of all countries. So we also need to work out rational solutions to this situation.
"In particular, we should resist the resurgence of the Cold War mentality, call for efforts to advocate democracy in international relations, and jointly safeguard the world's peace and stability."
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