China opposes US sanctions on firms over alleged ties to Russia’s war efforts

25/8/2024 17:00

        China on Sunday expressed its opposition to the latest U.S. sanctions on Chinese companies over their alleged ties to Russia's war in Ukraine, saying it will adopt necessary measures to safeguard the rights and interests of the country's businesses.
        
        The U.S. on Friday announced sweeping sanctions on hundreds of firms in Russia and across Europe, Asia and the Middle East, accusing them of providing products and services that enable Russia's war effort and aiding its ability to evade sanctions. The U.S. Department of State said it was concerned by "the magnitude of dual-use goods exports" from China to Russia.
        
        The Ministry of Commerce in China in its statement firmly opposed the U.S. putting multiple Chinese companies on its export control list. The move bars such companies from trading with U.S. firms without gaining a nearly unobtainable special license.