Aug 26, 2024, 12:00 AM
Aug 26, 2024, 12:00 AM

China reacts to US export controls on firms aiding Russia

Provocative
Highlights
  • The U.S. has added multiple Chinese firms to its export control list to limit Russia's access to advanced technology for military use.
  • A total of 123 entities were added, including 42 from China, which will face export restrictions and licensing requirements.
  • China has condemned the U.S. actions as unilateral sanctions and plans to take measures to protect its firms' rights.
Story

On a recent Sunday, China expressed strong opposition to the U.S. decision to include several Chinese firms on its export control list. This action is part of the U.S. strategy to limit Russia's access to advanced technology necessary for its military operations, particularly in light of the ongoing conflict in Ukraine. The U.S. announced that it would tighten export controls to restrict the supply of U.S.-origin and branded items to Russia and Belarus, citing the Kremlin's illegal war as the primary reason for these measures. The U.S. added a total of 123 entities to the export control list, which includes 42 firms from China, 63 from Russia, and 14 from Türkiye, Iran, and Cyprus. Companies placed on the "Entity List" face stringent export restrictions and licensing requirements for specific technologies and goods. This move is seen as a significant escalation in the U.S. efforts to curb Russia's military capabilities by cutting off access to critical technology. In response, a spokesperson from China's Ministry of Commerce condemned the U.S. actions as unilateral sanctions and an infringement on international trade norms. They argued that such measures undermine global industrial and supply chain stability, indicating that China would take necessary actions to protect its firms' rights and interests. The U.S. aims to adopt a multilateral approach to address the issue, utilizing various tools to prevent Russia from acquiring advanced technology. This situation highlights the growing tensions between the U.S. and China, particularly regarding trade and technology in the context of geopolitical conflicts.

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