Report: Chinese and Indian Companies Facing Sanctions for Russia Connections

The European Union is reportedly set to impose sanctions on three Chinese companies due to their ties to Russia, marking a significant step in the bloc’s efforts to combat the conflict in 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, the European Union wants to sanction three Chinese companies for their links to Russia. The draft proposal, which has not yet been made public, would ban companies from doing business with these parties that the EU believes could be aiding Russia in its war in Ukraine.

If member states vote through the plan, it would be the first time that the trading bloc has imposed restrictions on Chinese and Indian businesses since Russia invaded its neighbor in February 2022. In response to the invasion, the EU and other Western countries rushed to sanction Moscow, with the EU implementing 12 sanctions packages over the past two years.

During her 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. She emphasized China’s crucial role in the conflict and expressed her expectation that China would not provide any military equipment directly or indirectly to Russia. Von der Leyen stressed that arming an aggressor would be against international law and would significantly harm Europe’s relationship with China.

Overall, this move by the European Union marks a significant step towards holding countries accountable for their actions during conflicts around the world.

By Editor

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