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Tuesday, June 25, 2024

China and USA. 12 US defense companies sanctioned by China

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China's Ministry of Foreign Affairs announced on Wednesday that it was imposing sanctions on 12 American defense companies and their senior management as part of retaliation for sanctions imposed on Chinese companies and in response to arms sales to Taiwan.

American companies included branches of corporations Lockheed Martin, Raytheon and General Dynamics – according to a statement by the Chinese Ministry of Foreign Affairs.

Asset freezing

Measures that include freezing assets in China and a ban on entry into the country, including Hong Kong and Macau, for senior executives, took effect on Wednesday.

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These actions follow the U.S.'s “indiscriminate imposition of unlawful unilateral sanctions on a number of Chinese entities” for reasons related to Russiawhile “simultaneously selling weapons to Taiwan,” the statement reads.

Chinese authorities said the US “engaged in unilateral intimidation and economic coercion” against Beijing.

Arms companies censored

Lockheed and Raytheon have already been the target of announced sanctions several times in connection with arms deliveries to Taiwan. In 2019 and 2020, Beijing announced the imposition of sanctions on them, but did not explain what they would involve or how they would be enforced.

United States they do not maintain formal diplomatic relations with Taiwan, but they are considered its greatest ally and arms supplier. Each such transaction triggers reactions from China.

According to the Chinese Ministry of Foreign Affairs, arms supplies to Taiwan “seriously” violate the “one China” principle and “China's sovereignty and territorial integrity,” it added.

Beijing recognizes democratically governed Taiwan as part of the territory of the People's Republic of China and seeks to take control over it, without excluding the possibility of using force.

On Monday, on the day of the inauguration of the new President of Taiwan, Lai Ching-te, the Chinese Ministry of Finance announced the addition of Boeing Defense, Space & Security, General Atomics Aeronautical Systems and General Dynamics Land Systems to the list of “unreliable entities”, also justifying this decision by supplying weapons. to Taiwan by these companies.

Main photo source: Shutterstock



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