China on Friday accused Washington of benefitting from the crisis in Ukraine as Europe suffers from sky rocketing inflation and energy crisis in winter. “The US has made a fortune in the Ukraine crisis, while Europe is bleeding and paying for higher energy prices due to inflation,” said Zhao Lijian, spokesperson for China’s Foreign Ministry. He was commenting on the US Inflation Reduction Act, legislation signed in August for urgent investments to lower prescription drug costs, health care costs, and energy costs. French President Emmanuel Macron, who met US counterpart Joe Biden on Thursday, said the Inflation Reduction Act is "super aggressive" toward European companies, according to a report. China has not directly supported Russia in its military campaign, but the two countries have declared a "no limits" partnership.

Source: The Express Tribune December 03, 2022 12:46 UTC