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

Pakistan’s Shadow War in Balochistan

At least 50 killed by Pakistan-backed death squads in Balochistan in April, says HRCB — toll expected to rise in May….reports Asian Lite News The Human Rights Council of Balochistan (HRCB) reported

Russia, Ukraine Resume Talks

The upcoming talks follow a significant hiatus in diplomatic engagement between the two nations, which have been locked in a brutal conflict since Russia’s invasion of Ukraine in February 2022 Russia and

UN Pays Tribute to Indian Soldiers

Thursday was observed as the 77th UN Peacekeepers Day, honouring the work of 61,353 peacekeepers, of whom 5,375 hailed from India….reports Asian Lite News Brigadier Amitabh Jha and Havildar Sanjay Singh, who

Modi’s New Warfare Playbook

Modi has upended the old playbook and India and Pakistan are entering dangerous new territory where nuclear deterrence is no longer a guarantee against conventional conflict…writes Collins Chong Yew Keat The India-Pakistan

World needs Dubai’s ambition: Morgan

Piers Morgan has hailed Dubai’s transformation as an example of what visionary leadership can achieve. British broadcaster Piers Morgan has praised the extraordinary ambition and vision of His Highness Sheikh Mohammed bin
Go toTop

Don't Miss

‘Surrender to avoid casualties’, Moscow tells Zelensky

Peskov lamented Western attempts to put pressure on Russia over

NATO, US have no intention to deploy troops in Ukraine

Biden insisted the US would not be helping Ukraine with