China Sanctions US Military Companies

Wow:

Beijing has imposed sanctions on twenty-eight U.S. defense companies. Chinese firms are prohibited from exporting dual-use items to these entities. Dual-use items can be utilized for both military and civilian purposes.

On Thursday, the Chinese Ministry of Commerce announced on its website that it has added twenty-eight American companies to its export control list. This list includes major defense contractors such as General Dynamics, L3 Harris, Boeing Defense, Space & Security (BDS), Lockheed Martin Corporation, Raytheon Missiles & Defense, and smaller firms like Intercoastal Electronics and Systems Studies & Simulation.

The Ministry stated, “Under the new rule, Chinese companies are prohibited from exporting dual-use items to these 28 U.S. entities. Any ongoing related export activities should be immediately halted.” They added that in exceptional cases where exports are deemed necessary, companies must submit an application to the Ministry for approval.

These sanctions took effect immediately. The Ministry did not specify which items fall under the restricted dual-use categories.

Also Via MSN:

The seven companies being sanctioned are Insitu Inc., Hudson Technologies Co., Saronic Technologies, Inc., Raytheon Canada, Raytheon Australia, Aerkomm Inc. and Oceaneering International Inc., the Foreign Ministry statement said. It said that “relevant senior executives” of the companies are also sanctioned, without naming any.

Any assets they have in China will be frozen, and organizations and individuals in China are prohibited from engaging in any activity with them, it said.


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