China has decided to punish Europe for including its companies in the 20th sanctions package against Russia.
China has imposed export restrictions on the first EU companies due to arms sales to Taiwan.
China has added seven European companies to its export control list for their involvement in supplying weapons to Taiwan. This is the first time Beijing has applied trade restrictions against European companies.
The Ministry of Commerce announced this in two statements on Friday. They state that the measure is taken in the interest of national security. The order takes effect immediately. It prohibits the export of Chinese dual-use goods to these companies and requires the cessation of all related activities.
Among the companies on the list are German Hensoldt AG, specializing in radar and sensor technologies, as well as Belgian FN Herstal and FN Browning Group, which primarily produce firearms. The list also includes four Czech companies, including defense firms Excalibur Army and Omnipol.
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China has imposed export restrictions on the first EU companies due to arms sales to Taiwan.
China has added seven European companies to its export control list for their involvement in supplying weapons to Taiwan. This is the first time Beijing has applied trade restrictions against European companies.
The Ministry of Commerce announced this in two statements on Friday. They state that the measure is taken in the interest of national security. The order takes effect immediately. It prohibits the export of Chinese dual-use goods to these companies and requires the cessation of all related activities.
Among the companies on the list are German Hensoldt AG, specializing in radar and sensor technologies, as well as Belgian FN Herstal and FN Browning Group, which primarily produce firearms. The list also includes four Czech companies, including defense firms Excalibur Army and Omnipol.
$BTC $ETH #news