EU member states to discuss new package of sanctions against China and Iran

Brussels has proposed sanctions on Chinese companies for supporting Russia’s war machine for the first time since the conflict in Ukraine began, in a development likely to increase tensions with Beijing, reported from Financial Times.

Seven Chinese businesses accused of selling equipment that could be used in weapons have been listed in a new package of sanctions to be discussed by EU member states this week, which has been seen by the Financial Times.

Two mainland Chinese companies on the list, 3HC Semiconductors and King-Pai Technology, have already been placed under sanctions by the US. Two companies based in Hong Kong that are on the EU list are already on the US Treasury list: Sinno Electronics and Sigma Technology.

Seven Chinese businesses accused of selling equipment that could be used in weapons have been listed in a new package of sanctions to be discussed by EU member states this week, which has been seen by the Financial Times.

Some of the companies have already been placed under sanctions by the US. The EU’s move is likely to rankle with Beijing, which is anxious to keep Brussels from siding with Washington in their battle for global influence.

Brussels is also proposing sanctions on some Iranian companies involved in the manufacture and supply of drones to Russia.

There are also powers to ban oil tankers that conceal their location without good cause from EU ports. The FT has reported that ships have been circumventing an embargo on Russian seaborne oil imports by pretending their loads are from elsewhere.







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