BRUSSELS: The European Union's executive has proposed blacklisting several Chinese companies and curbing exports to nations seen as involved in bypassing Russian trade restrictions under the latest set of sanctions against Moscow for the war against Ukraine. The 27 EU member countries - which must all agre
BRUSSELS: The European Union's executive has proposed blacklisting several Chinese companies and curbing exports to nations seen as involved in bypassing Russian trade restrictions under the latest set of sanctions against Moscow for the war against Ukraine.
The proposal focuses on combating circumvention of existing trade restrictions through third countries, the sources said, after the EU identified China, Turkey, UAE, as well as countries in Central Asia and the Caucasus as potential culprits. The Financial Times reported earlier on Monday the companies involved were 3HC Semiconductors and King-Pai Technology based in mainland China, as well as Sinno Electronics, Sigma Technology, Asia Pacific Links, Tordan Industry and Alpha Trading Investments in Hong Kong.
In what would be the EU's 11th package of sanctions against Russia since it invaded Ukraine in February 2022, the bloc would introduce a new mechanism to cut its exports to third countries deemed involved in bypassing sanctions against Russia.
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