China Opposes US Sanctions on Firms over Alleged Ties to Russia’s War Efforts

AP

11:57 JST, August 26, 2024

BEIJING (AP) — China on Sunday expressed its opposition to the latest U.S. sanctions on Chinese companies over their alleged ties to Russia’s war in Ukraine, saying it will adopt necessary measures to safeguard the rights and interests of the country’s businesses.

The U.S. on Friday announced sweeping sanctions on hundreds of firms in Russia and across Europe, Asia and the Middle East, accusing them of providing products and services that enable Russia’s war effort and aiding its ability to evade sanctions. The U.S. Department of State said it was concerned by “the magnitude of dual-use goods exports” from China to Russia.

The Ministry of Commerce in China in its statement firmly opposed the U.S. putting multiple Chinese companies on its export control list. The move bars such companies from trading with U.S. firms without gaining a nearly unobtainable special license.

The ministry said the U.S. action was “typical unilateral sanctions,” saying they would disrupt global trade orders and rules, as well as affect the stability of the global industrial and supply chains.

“China urges the U.S. to immediately stop its wrong practices and will take necessary measures to resolutely safeguard the legitimate rights and interest of Chinese companies,” it said.

The U.S. action is the latest in a series of thousands of U.S. sanctions that have been imposed on Russian firms and their suppliers in other nations since Russia’s invasion of Ukraine in February 2022. The effectiveness of the sanctions has been questioned, especially as Russia has continued to support its economy by selling oil and gas on international markets.

According to the U.S. State Department, some China-based companies supplied machine tools and components to Russia companies.

China has tried to position itself as neutral in the Ukraine conflict, but it shares with Russia high animosity toward the West.

After Western countries imposed heavy sanctions on Russian oil in response to Russia sending troops into Ukraine in February 2022, China strongly stepped up its purchase of Russian oil, increasing its influence in Russia. Russian President Vladimir Putin also underlined the importance of China by meeting in Beijing with Chinese leader Xi Jinping soon after being inaugurated for a fifth term in the Kremlin.