“The objective is to prevent goods prohibited for export to Russia from entering into the supply of Russian military industries,” Commission spokesman Eric Mamer said.
A document seen by AFP says the proposal for the first time targets eight companies in China and Hong Kong accused of re-exporting sensitive material to Russia.
The Financial Times has reported that the European Union intends to impose sanctions on Chinese companies that ‘support’ the Russian war machine, for the first time since the war in Ukraine began in late February this year. last.
Seven Chinese companies accused of selling equipment that can be used to make weapons have been included in a new package that would require the unanimous approval of all 27 member states before it can be applied.
According to the Financial Times, there are two Chinese companies on the proposed European list that have already been sanctioned by the United States, namely 3HC Semiconductors and Kino-no-no-no-ng-Pai Technology. .
In addition to Hong Kong-based “Sinno Electronics” and “Sigma Technology”, they were also included in the EU list.
After the report was released, China on Monday issued a stern warning to the European Union against imposing sanctions on Chinese companies doing business with Russia.
“We urge the European Union not to take the wrong path, otherwise China will take decisive action to safeguard legitimate and legal rights and interests,” Chinese Foreign Ministry spokesman Wang Wenbin said.
Sanctions course
These will be the eleventh European sanctions, if they are unanimous among EU countries. Last February, the EU imposed a tenth package of sanctions on Moscow and Iranian companies accused of supplying it with drones.
When announcing the sanctions, the Swedish presidency said on its Twitter account, “…the European Union has approved a tenth sanctions package which includes, in particular, stricter restrictions in the field of export of dual-use technology and goods, and targeted restrictive measures measures against individuals and entities that support the war, spread propaganda or hand over drones that Russia used during the war, and measures against disinformation Russian.”
Are the sanctions effective?
Late last month, the French newspaper Le Monde published an investigation in which it said that Russia had managed to overcome many of the obstacles created by Western sanctions against it since the outbreak of war in Ukraine, thanks to cooperation with economic fronts and intermediary companies spread across Russia’s neighboring countries.
The newspaper pointed out that Russia was able to import many materials through this approach, which ensured its continued supply of basic Western technology for its industries, including the military.
It should be noted that Russia has been subjected to thousands of sanctions to become the most exposed country in the world to this type of measure, which has had negative effects on its economy. The number of sanctions imposed on it , since February last year, 11,327 new sanctions were imposed on Russia until the end of February last year, bringing the total of sanctions against it to 14,022.
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