Many Chinese companies banned for helping Russia in the war against Ukraine, Beijing restless – India TV Hindi

Beijing: The US has banned several Chinese defense manufacturing companies for allegedly helping Russia in the war against Ukraine. This has infuriated China. After this action China protested new US sanctions on Chinese companies over alleged links to Russia’s war in Ukraine and said it would take necessary measures to safeguard the rights and interests of the country’s businesses. The US on Friday announced sanctions on hundreds of companies in Russia and Europe, Asia and the Middle East, accusing them of providing products and services that helped Russia in the war and increased its ability to evade sanctions.

The US State Department said it was concerned about the “export of dual-use goods” from China to Russia. In China, the Commerce Ministry in its statement strongly opposed the US placing several Chinese companies on its export control list. This move will ban such companies from doing business with American companies.

China called the US action unilateral

The ministry said the US actions were “unilateral sanctions” and would disrupt global trade and regulations and also affect the stability of global industrial and supply chains. It said, “China urges the US to immediately stop wrongful actions and will take necessary measures to safeguard the legitimate rights and interests of Chinese companies.” According to the US State Department, some China-based companies supplied machine parts and other components to Russian companies. (AP)

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