June 25, 2024
2 mins read

EU sanctions 19 Chinese firms over links to Russian war effort

China denies Western accusations that it is supporting Russia’s military campaign….reports Asian Lite News

The European Union Monday imposed sanctions on 19 Chinese companies aimed at punishing what the West believes is Beijing’s support for Russia’s war in Ukraine.

A list published in the EU’s Official Journal includes several companies located in Hong Kong as well as two global satellite giants.

The 14th package of sanctions against Russia added 61 new companies to the list of entities accused of directly “supporting Russia’s military-industrial complex” in the war in Ukraine, bringing the total to 675 firms.

These companies are now subject to drastic restrictions over sales of “dual-use goods and technology” that could be used for the “enhancement of Russia’s defense and security sector.”

China denies Western accusations that it is supporting Russia’s military campaign.

Among the newly added companies are two major players in the Chinese satellite industry involved in the sale of satellites and satellite imagery to Russia’s Wagner mercenary group.

In October, an investigation revealed that Wagner in 2022 signed a contract worth more than $30 million with Chinese firm Beijing Yunze Technology Co. Ltd. to acquire two satellites and use their images.

The contract was signed in November 2022, over half a year into Moscow’s invasion of Ukraine in which the Wagner group under its founder Yevgeny Prigozhin was playing a key role on the battlefield.

The two high-resolution satellites belonged to Chang Guang Satellite Technology, a leading global satellite company which was the unit to be added to the EU’s sanctions list.

Another company named Monday was Head Aerospace Technology, which sells satellite images and was placed on a US sanctions list in 2023 for supplying the Wagner Group.

Even if China does not deliver weapons directly to Russia, the United States and Europe accuse it of selling components and equipment to Moscow’s military industry.

Chinese foreign ministry spokesman Lin Jian has dismissed the claims as “false information.” Russian-based companies make up about half of the 61 entities added to the EU’s list Monday.

In addition to the 19 Chinese companies, it also added nine from Turkiye, two in Kyrgyzstan, one in India, one in Kazakhstan, and one in the United Arab Emirates.

ALSO READ: Sunak to act on gambling probe findings

Previous Story

Labour Party says ‘ready to go’ on FTA with India

Next Story

Macron warns of ‘civil war’ if far left or right wins election

Latest from -Top News

India, US Step Up Trade Talks

The development comes in the backdrop of the new US ambassador Sergio Gor taking charge in the US embassy is New Delhi….reports Asian Lite News India and the United States are progressing

Lanka Marks Next Phase of Indian Housing Drive

Phases III and IV of the Indian Housing Project highlight India’s commitment to supporting and empowering Sri Lanka’s Indian-origin Tamil community….reports Asian Lite News Sri Lankan President Anura Kumara Dissanayake on Sunday

Hamas Frees Captives

The Israeli Air Force announced that it has completed its preparations to receive hostages returning from Gaza to Israel….reports Asian Lite News The Red Cross has taken custody of the first group

China’s Grab for Africa

China’s investments aim to strengthen its geopolitical influence and its high-tech manufacturing sector in Africa…reports Asian Lute News China is further consolidating its dominance in the rare earth elements sector by expanding
Go toTop

Don't Miss

Portugal’s new govt sworn in

At the swearing-in ceremony, the President said the new government

Putin places nuclear “deterrent” forces on special alert

Putin earlier on Sunday praised his special forces for “heroically