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Beijing opposes US export restrictions on Chinese firms in bid to target Russia

reuters August 25, 2024, 11:30:02 IST

China’s Ministry of Commerce has condemned the US decision to add multiple Chinese firms to its export control list, citing disruption to international trade and economic exchanges. The move targets firms allegedly involved in supporting the Russian military amid the Ukraine conflict

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Representational Image.
Representational Image.

BEIJING:China’s Ministry of Commerce said on Sunday it strongly opposed a U.S. decision to add multiple Chinese entities to its export control list over Russia-related issues.

The United States on Friday added 105 Russian and Chinese firms to a trade restriction list over their alleged support of the Russian military.

The companies - 42 Chinese, 63 Russian and 18 from other countries - were targeted for reasons from sending U.S. electronics to Russian military-related parties to producing thousands of Shahed-136 drones for Russia to use in its invasion of Ukraine.

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U.S. suppliers must get difficult-to-obtain licenses in order to ship to companies on the “entity list”, as it is called.

China’s ministry said the U.S. action disrupts the international trade order and hinders normal economic exchanges, adding China would take necessary measures to resolutely safeguard the legitimate rights of its companies.

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