The Chinese companies, which are mostly in the electronics business, were allegedly functioning as bridges, purchasing US technology in order to deliver it to Russia.
China Opposes Recent US Sanctions for Chinese Firms, Criticizes 'Long-Arm' Jurisdiction Policies
The government of China protested the enactment of sanctions on a series of national companies by the U.S., barring them from doing business with U.S.-based entities for allegedly collaborating with Russia. China’s Commerce Ministry criticized the move, saying it is a “typical form of long-arm jurisdiction,” which damages the rights and interests of these companies.
A statement from China’s Commerce Ministry accused the U.S. of overreaching with this move. The statement rejected these measures,It is a typical unilateral sanction and a form of ‘long-arm jurisdiction’ which seriously damages the legitimate rights and interests of enterprises and affects the security and stability of the global supply chain.to “correct this wrongdoing,” saying it will safeguard the rights and interests of Chinese companies.
This is not the first time that Chinese companies have been hit by sanctions for allegedly cooperating with other countries to evade pre-existing sanctions. In March, a group of Chinese companies wasAlso, another group of Chinese companies was sanctioned for integrating a shadow banking system for Iranian firms.The enactment of these sanctions has some experts worried about the effects this might have on the bilateral relationship between the U.S.
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