HomeEconomyEU prepares sanctions against Chinese companies that support Russian war effort

EU prepares sanctions against Chinese companies that support Russian war effort

Chinese companies, including Semiconductors and King-Pai Technology, Sinno Electronics, Sigma Technology and Alpha Trading Investments, are the targets of a new round of sanctions that EU member countries will discuss this week.

The European Union has proposed imposing sanctions on Chinese companies accused of selling material that could be used to make weapons to aid the Russian war effort, the report said on Sunday. financial timeswho indicated that he had been able to consult a document.

According to the newspaper, several Chinese companies are subject to a new set of sanctions that will be discussed this week by EU member countries.

Those companies, the FT said, are mainland China-based 3HC Semiconductors and King-Pai Technology, Hong Kong-based Sinno Electronics, Sigma Technology, Asia Pacific Links, Tordan Industry and Alpha Trading Investments.

Avoid the “wrong way”

On Monday, Chinese Foreign Ministry spokesman Wang Wenbin said China urged the EU to avoid going down the “wrong path” or take strong measures to protect its rights and interests.

“China opposes acts that use Sino-Russian cooperation as a pretext to impose illegal sanctions or far-reaching jurisdiction against China,” Wang Wenbin told a press conference.

No comment was immediately available from the European executive. US sanctions are already targeting some Chinese companies, including King-Pai Technology, a group accused by Washington of supplying different sectors of the industry.
Russian military.

Author: PS with Reuters
Source: BFM TV

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