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Egyptian Gazette
Home Business

China protests US sanctioning of firms dealing with Russia

by News Wires
April 15, 2023
in Business
China protests US sanctioning of firms dealing with Russia 1 - Egyptian Gazette
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Beijing on Saturday protested US sanctions against additional Chinese companies over their alleged attempts to evade US export controls on Russia, calling it an illegal move that endangers global supply chains.

The US Commerce Department on Wednesday put five firms based in mainland China and Hong Kong on its “entity list,” barring them from trading with any US firms without gaining a nearly unobtainable special license.

Washington has been tightening up enforcement of sanctions against foreign firms it sees as providing assistance to Russia in its conflict against Ukraine, forcing them to choose between trading with Moscow or with the US A total of 28 entities from countries ranging from Malta to Turkey to Singapore were added to the list.

A statement from China’s Commerce Ministry said the US action “has no basis in international law and is not authorised by the United Nations Security Council.”

“It is a typical unilateral sanction and a form of ‘long-arm jurisdiction’ which seriously damages the legitimate rights and interests of enterprises and affects the security and stability of the global supply chain. China firmly opposes this,” the statement said.

“The US should immediately correct its wrongdoing and stop its unreasonable suppression of Chinese companies. China will resolutely safeguard the legitimate rights and interests of Chinese companies,” it added.

The latest sanctions were leveled against Allparts Trading Co., Ltd.; Avtex Semiconductor Limited; ETC Electronics Ltd.; Maxtronic International Co., Ltd.; and STK Electronics Co., Ltd., registered in Hong Kong.

The list identifies entities — essentially businesses — that the U.S. suspects “have been involved, are involved, or pose a significant risk of being or becoming involved in activities contrary to the national security or foreign policy interests of the United States,” the department said.

Entities named were designated as “military end users” for “attempting to evade export controls and acquiring or attempting to acquire U.S.-origin items in support of Russia’s military and/or defense industrial base,” it said.

The Chinese protest was similar to one issued in February after the US announced sanctions against the Chinese company Changsha Tianyi Space Science and Technology Research Institute Co. Ltd., also known as Spacety China.

The department said the company supplied Russia’s Wagner Group private army affiliates with satellite imagery of Ukraine that support Wagner’s military operations there. A Luxembourg-based subsidiary of Spacety China was also targeted.

At that time, China’s Foreign Ministry accused the US of “outright bullying and double standards” for sanctioning its companies while intensifying efforts to provide Ukraine with defensive weapons.

Tags: ChinaTop_NewsUS sanctions

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