China sanctions 7 American military industrial companies
China sanctions 7 American military industrial companies
M.U.H
28/12/202429
The Ministry of Foreign Affairs of China imposed sanctions on seven American military industrial companies due to arms sales to Taiwan.
The Ministry of Foreign Affairs of China stated that based on Articles 3, 4, 5, 6, 9 and 15 of the Law of the People’s Republic of China in dealing with foreign sanctions, Beijing decided to Taking countermeasures against seven companies and their senior managers including; Insitu Corporation, Hudson Technology Corporation, Saronic Technologies, Raytheon Canada, Raytheon Australia, Aircom Company and Oceaneering International, Inc. has taken.
The Ministry of Foreign Affairs of China announced that all movable and immovable property and other assets of these companies will be blocked inside China. All organizations and individuals within China will be prohibited from conducting transactions, cooperation and other activities with these companies and officials.
The ministry stated that these sanctions will come into effect on December 27.
