The European Union is considering sanctions against certain Chinese companies believed to be supplying Russia with materials it uses in its efforts against Ukraine. Laurence Norman reports in The Wall Street Journal:
The European Union is considering sanctioning eight Chinese companies over Russia’s war in Ukraine, diplomats said, with the bloc looking to target firms they believe have provided Moscow electronic items, including semiconductors, that can be used for military purposes.
The proposed listings are part of an 11th package of sanctions against Russia over its invasion. The new measures center on efforts to prevent the circumvention of Western sanctions by Russia and its military, a central plank in the effort by European and U.S. policy makers to weaken Russia’s economy and crimp the revenue the Kremlin has to continue its war effort.
Of the eight Chinese companies listed, six are Hong Kong-based and several are already on U.S. sanctions listings, the diplomats said.
According to two of the diplomats, the companies include China-based 3HC Semiconductors, whose products can be used by Russian companies to provide military equipment, and Hong Kong’s King-Pai Technology HK, which was sanctioned by U.S. authorities in March 2022 for procuring foreign items “for multiple entities in Russia’s military-industrial complex.” The microelectronic items include products that can be used to guide missile systems.
A third company, Sinno Electronics, was sanctioned by Washington last summer for supplying Western-sanctioned goods to Russian defense-procurement giant Radioavtomatika.
The EU is also considering sanctions on Hong-Kong registered Asia Pacific Links Ltd. A recent investigation by Britain’s Royal United Services Institute, Britain’s oldest defense think tank, Reuters and iStories, said the company was one of the main post-February 2022 suppliers to Russian firms of microelectronics that can be used to make one of Russia’s most effective drones, the Orlan-10.
Read more here.
If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.