🎈 Up Big Today: Find today's biggest gainers (some over 50%!) with our free screenerTry Stock Screener

Taiwan says hopes world would sanction China if it invades

Published 05/07/2022, 01:47 AM
Updated 05/07/2022, 01:50 AM
© Reuters. Head of European Economic and Trade Office (EETO) Filip Grzegorzewski, holds EU and Ukrainian flags next to Taiwan Parliament speaker You Si-kun, Foreign Minister Joseph Wu and other European diplomats at an Europe Day event in Taipei, Taiwan May 7, 2022.

TAIPEI (Reuters) - Taiwan hopes that the world would sanction China like it is sanctioning Russia for its war on Ukraine if Beijing invaded the island, Foreign Minister Joseph Wu said on Saturday.

Taiwan has joined in Western-led sanctions on Russia for its invasion of Ukraine, and on Friday added Belarus to that list.

The moves are largely symbolic given Taiwan's minimal levels of direct trade with Belarus or Russia.

But Ukraine's plight has won broad public sympathy in Taiwan due to what many people view as the parallels between what is happening in the European country and what could happen if China ever uses force to bring the island it claims as its own under Chinese control.

Speaking to reporters in Taipei at an event to mark the founding of what would become the European Union, Wu said it was important to stand with others in denouncing the invasion and sanctioning both Russia and Belarus.

"In the future, if we are threatened with force by China, or are invaded, of course we hope the international community can understand and support Taiwan, and sanction these kinds of aggressive behaviours," he added.

"So Taiwan stands with the international community, and takes these actions," Wu said, referring to the sanctions.

Taiwan has raised its alert level since the Ukraine war began, wary of China making a similar move, though the government in Taipei has reported no signs of an imminent Chinese attack.

China, which has not condemned Russia's invasion, has dismissed any comparisons with Taiwan, saying it is not a country and merely a Chinese province, a view the democratically-elected government in Taipei strongly disputes.

Speaking at the same event, Taiwan parliament speaker You Si-kun said Ukraine has "performed very well", standing up to Russia for more than 70 days, earning Taiwan's "admiration".

© Reuters. Head of European Economic and Trade Office (EETO) Filip Grzegorzewski, holds EU and Ukrainian flags next to Taiwan Parliament speaker You Si-kun, Foreign Minister Joseph Wu and other European diplomats at an Europe Day event in Taipei, Taiwan May 7, 2022. REUTERS/Ben Blanchard

"We hope Ukraine will definitely be victorious, and stand firm to the end to victory."

How the world would react to a Chinese invasion of Taiwan is unclear, given that most countries, including the United States and all EU member states only have formal diplomatic ties with Beijing, not Taipei, and unlike Ukraine do not recognise Taiwan as a country.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.