Economy

China Criticizes US for Adding Companies to Export Control List, Promises Action – Reuters

China’s Ministry of Commerce expressed strong opposition on Sunday to a U.S. decision to add several Chinese entities to its export control list due to issues related to Russia.

On Friday, the United States included 105 firms—42 from China, 63 from Russia, and 18 from various other countries—on this trade restriction list, alleging that they supported the Russian military. The companies were accused of activities such as supplying U.S. electronics to military-related entities in Russia and producing thousands of Shahed-136 drones for use in Russia’s invasion of Ukraine.

American suppliers must obtain challenging licenses to ship to companies listed on the “entity list.” China’s ministry stated that this U.S. action disrupts international trade norms and impedes regular economic interactions. They pledged to take necessary measures to firmly protect the legitimate rights of Chinese companies.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker