The European Union is proposing sanctions on three Chinese companies and one Indian company as part of its latest measures to destroy the Russian war machine.
If member states approve the plan, it will be the first time that companies in China and India will be subject to EU sanctions.
These companies, along with one in Hong Kong, are among 21 entities newly listed in the European Commission document..
When the Commission proposed targeting Chinese companies last year, it backed down under pressure from EU governments, which must unanimously approve such measures. European Union officials said at the time that Beijing had provided reassurances that it did not support Russian military operations. Under the proposed measures, European companies will be banned from doing business with listed companies, as Brussels steps up efforts to avoid any circumvention of its restrictions, especially the supply of reusable electronic components for use in weapons systems.
“It is also appropriate to include in that list some other entities in third countries that indirectly support the Russian military-industrial complex.” . . Through trade in such components,” along with more Russian companies, the document says.
The proposal would also ban the export of components used to manufacture drones to Russia. The sanctions package, which is expected to be agreed before the second anniversary of Russia’s all-out invasion of Ukraine on February 24, will be the thirteenth approved by the European Union. The list of companies subject to sanctions will reach 643 companies if approved.
The new names also include companies in Sri Lanka, Turkey, Thailand, Serbia and Kazakhstan. The sanctions imposed on an Indian company will be particularly sensitive because the country is a US ally and is negotiating a trade deal with the European Union.
New Delhi has responded to criticism that it is legally buying cheap Russian oil under sanctions and sending refined products from it to the European Union.
This news article has been translated from the original language to English by WorldsNewsNow.com.
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