0327 GMT June 30, 2022
Beijing is hosting the meeting of the influential club of BRICS emerging economies, which accounts for more than 40 percent of the global population and nearly a quarter of the world’s gross domestic product, according to AFP.
Xi told the BRICS business forum that the “Ukraine crisis is... a wake-up call” and warned against “expanding military alliances and seeking one’s own security at the expense of other countries’ security”.
China and India have strong military links with Russia and buy large amounts of its oil and gas.
In a call last week, Xi assured his Russian counterpart Vladimir Putin that China would support Moscow’s core interests in “sovereignty and security” – leading the United States to warn Beijing that it risked ending up “on the wrong side of history”.
Xi also took a swipe at the US and European Union sanctions on Russia in the speech on Wednesday, saying, “sanctions are a boomerang and a double-edged sword”.
The BRICS summit takes place as Russian troops continue to advance in eastern Ukraine amid its military operation inside Ukraine.
China and India have both ramped up crude oil imports from Russia, helping Moscow to offset losses from Western nations scaling back energy purchases from the country.