China denounces US sanctions on companies aiding Russia in Ukraine war
Illustrative photo (Getty Images)
China has expressed disagreement with the latest US sanctions imposed on Chinese companies due to their alleged connection with Russia's war in Ukraine. Beijing stated that it would take necessary measures to protect the rights and interests of Chinese businesses, reports the Financial Post.
On Friday, the US announced extensive sanctions against hundreds of companies in Russia, Europe, Asia, and the Middle East. These companies are accused of supporting Russia's military actions and helping to circumvent sanctions. The US State Department expressed concern over "the magnitude of dual-use goods exports" from China to Russia.
China's Ministry of Commerce sharply condemned the inclusion of several Chinese companies on the US export control list. The agency called Washington's actions "typical unilateral sanctions" that could disrupt global trade orders and impact the stability of industrial and logistical supply chains.
China has urged the US to immediately cease these "wrong practices" and emphasized its readiness to take measures to protect the legitimate rights of its companies.
The US sanctions are the latest in a series of restrictions imposed on Russian companies and their partners since Russia's invasion of Ukraine in February 2022. Despite the sanctions, Russia continues to sustain its economy through oil and gas sales.
China, which seeks to maintain a neutral stance in the Ukraine conflict, has increased its purchases of Russian oil following Western sanctions against Moscow, further strengthening its influence over Russia.
US sanctions on Russia
On June 12, the US imposed new sanctions on 300 individuals and entities in Russia and other countries supporting the Kremlin's military machine. The US Treasury Department focused particularly on foreign banks working with individuals and organizations under Russian sanctions, placing them at risk.
Additionally, on August 23, the United States expanded sanctions against Russia and intermediaries from several countries that assisted Russia in evading sanctions and supplied parts for Su-30 aircraft. These countries include the UAE, Hong Kong, Turkey, Kazakhstan, Kyrgyzstan, and China.
