China Sanctions More Defense Firms for Arms Sales to Taiwan
China’s Foreign Ministry announced new sanctions last week against seven companies for their involvement with arms sales to Taiwan, targeting Insitu, Hudson Technologies, Saronic Technologies, Raytheon Canada, Raytheon Australia, Aerkomm and Oceaneering International. The ministry said the sanctions freeze their…
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Chinese assets and block them from doing certain business with Chinese companies. China has issued several rounds of designations against American firms for arms sales to Taiwan in recent months (see 2412050011, 2410100005, 2409180004 and 2407120011).