China sanctions

China Sanctions US Defense Firms Over Taiwan Arms Sales

China imposed sanctions on ten additional US defense firms, including subsidiaries of Lockheed Martin, General Dynamics, and Raytheon, for supplying arms to Taiwan. These companies were added to China’s “Unreliable Entities List,” prohibiting them from import/export activities and investment in China, while also barring their senior managers from entry. This action follows similar sanctions imposed last week on seven other US firms, escalating tensions over China’s claim to Taiwan. The sanctions are justified by China as necessary to protect national security and sovereignty. These measures further demonstrate China’s increasing pressure on Taiwan and the US.

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EU Eyes Visa Ban on Chinese Aiding Russia’s War

The EU is proposing its fifteenth sanctions package against Russia, targeting entities aiding the war effort in Ukraine. This includes asset freezes for six Chinese companies and one Chinese individual, along with visa bans for 54 individuals and asset freezes for 29 companies, primarily Russian. The sanctions aim to further restrict Russian access to resources and international cooperation. Despite previous sanctions impacting visa access, Russian tourist and business visa applications to the EU have still increased significantly.

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