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European Union Prepares to Impose Sanctions on Chinese Companies Supporting Russia, Marking First Time Since Ukraine Invasion

ByEditor

Feb 13, 2024
Report: Chinese and Indian Companies Facing Sanctions for Russia Connections

The European Union is preparing to impose sanctions on three Chinese companies due to their ties with Russia, marking the first time the bloc has done so since the invasion of Ukraine. This move comes as the EU is also considering measures against companies based in Hong Kong, India, Serbia, and Turkey for their alleged support of Russia.

According to reports by Bloomberg and the Financial Times, a draft proposal has been prepared that would ban companies from doing business with the listed parties that are believed to be aiding Russia in its war in Ukraine. If approved by member states, this would be the first time that Chinese and Indian businesses have been restricted by the EU since Russia invaded its neighbor in February 2022.

The EU has implemented 12 sanctions packages against Moscow over the past two years following the invasion. During a visit to Beijing in April 2023, European Commission president Ursula von der Leyen warned China’s leader Xi Jinping not to support Russia’s war efforts, emphasizing China’s crucial role in the conflict and expressing her expectation for China not to provide any military equipment, directly or indirectly, to Russia. She stressed that arming an aggressor would be against international law and significantly harm

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