“We cannot allow countries like China to use their market position in key products to disrupt our economy or exert geopolitical influence,” said Janet Yellen.
US Treasury Secretary Janet Yellen stated that Western countries must commit to cracking down on states that “violate the global economic order” and spoke of the alleged threats posed by Russia and China during a speech at Seoul. The senior official is in the South Korean capital on the last leg of an eleven-day official tour of the Indo-Pacific region.
“The United States and our allies, like [South] Korea, will work together to continue to demand an unwavering commitment to the norms and values that underpin the global economic order, ” he said, adding that the West will impose severe restrictions against those countries that endanger global supply chains and disrupt the interconnection between national economies.
According to Yellen, “economic integration has been used by Russia as a weapon and to great effect”, citing the food and energy crises unleashed after the conflict in Ukraine.
“Russia now threatens to cause a global food crisis by blocking the ports of Ukraine, and has caused an increase in energy prices in the United States and around the world,” the official assured, stressing that there will be no nation that is not affected by the consequences of the situation. Moscow, for its part, has repeatedly denied such accusations.
Avoid collaborating with China
Likewise, Yellen defended that the US and South Korea should strengthen their commercial ties to avoid collaborating with certain States, including China, which, according to her, take advantage of their position in the market to obtain unfair advantages.
“We cannot allow countries like China to use their market position in key commodities, technologies or products to disrupt our economy or exert unwanted geopolitical influence ,” he said.
Rejecting China’s “unfair practices that harm [US] national security interests,” the secretary called on her allies to agree to business practices that encourage production and reduce risks in supply chains.
Russia and China criticize US hegemony.
Moscow has repeatedly rejected the White House’s accusations, asserting that it is Washington that, by putting its hegemonic interests above international peace and security, is trying to disrupt the post-World War II world order, as well as disrupt the entire world. UN system.
The secretary of the Russian Security Council, Nikolai Patrushev, recently declared that the crisis in Ukraine is precisely one of the consequences of the “inconsiderate and bloody” US policy, which lies in “satisfying its own geopolitical and financial interests ” and intends to “maintain its hegemony in world affairs by any means”, even through ” triggering wars in other regions of the planet”.
In turn, Beijing considers that the US discourse on China policy “is full of lies and reverses black and white,” according to the words of Chinese Foreign Ministry spokesman Zhao Lijian. The senior diplomat assured at the end of May that the US has become “the greatest source of chaos in international peace and stability” and described it as the main “challenge” for the world order. Lijian also agreed with Moscow that the US authorities “do not respect the international order based on the UN Charter and international law.”