EU Considering Sanctions Against Chinese Companies for Supplying Russia, Report Says
The EU is considering new sanctions on Chinese companies for supporting Russia’s military, the Financial Times reported May 7. The sanctions, which are expected to be discussed by EU member states this week, could target seven Chinese companies for selling equipment to Moscow that could be used in weapons, the report said. The list of companies reportedly includes two companies from mainland China, 3HC Semiconductors and King-Pai Technology, and five based in Hong Kong: Sinno Electronics, Sigma Technology, Asia Pacific Links, Tordan Industry and Alpha Trading Investments. Some of the companies are already subject to U.S. restrictions, including 3HC, which was added to the Commerce Department's Entity List in April for supplying Russia's military (see 2304120039). All EU member states would have to agree to the new measures before they take effect.
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A Chinese Foreign Ministry spokesperson told reporters at a regular news conference May 8 in Beijing that China “firmly” opposes “illegal sanctions or long-arm jurisdiction against China citing China-Russia cooperation.” The spokesperson said China “actively promotes talks for peace” between Russia and Ukraine and “China-Russia economic and trade cooperation is completely above-board,” according to a transcript of the news conference provided in English. The “EU move will erode mutual trust and cooperation with China and sharpen division and confrontation in the world, which is extremely dangerous. We call on the EU not to take that wrong course.”