US accuses five firms in China of supporting Russia's military
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Friday
August 19, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
FRIDAY, AUGUST 19, 2022
US accuses five firms in China of supporting Russia's military

World+Biz

Reuters
29 June, 2022, 10:45 am
Last modified: 29 June, 2022, 10:47 am

Related News

  • US business group says members see limited impact from Taiwan-China tensions
  • China to send troops to Russia for Vostok exercise
  • Explainer: What to watch out for as talks on US -China audit deal drag on
  • Will US-China tensions boil over?
  • Five Chinese state-owned companies to delist from US

US accuses five firms in China of supporting Russia's military

Reuters
29 June, 2022, 10:45 am
Last modified: 29 June, 2022, 10:47 am
Smoke rises over the remains of a building destroyed by a military strike, as Russia's attack on Ukraine continues, in Lysychansk, Luhansk region, Ukraine June 17, 2022. REUTERS/Oleksandr Ratushniak/File Photo
Smoke rises over the remains of a building destroyed by a military strike, as Russia's attack on Ukraine continues, in Lysychansk, Luhansk region, Ukraine June 17, 2022. REUTERS/Oleksandr Ratushniak/File Photo

US President Joe Biden's administration added five companies in China to a trade blacklist on Tuesday for allegedly supporting Russia's military and defense industrial base, flexing its muscle to enforce sanctions against Moscow over its invasion of Ukraine.

The Commerce Department, which oversees the blacklist, said the targeted companies had supplied items to Russian "entities of concern" before the Feb. 24 invasion, adding that they "continue to contract to supply Russian entity listed and sanctioned parties."

The agency also added another 31 entities to the blacklist from countries that include Russia, UAE, Lithuania, Pakistan, Singapore, the United Kingdom, Uzbekistan and Vietnam, according to the Federal Register entry. Of the 36 total companies added, 25 had China-based operations.

"Today's action sends a powerful message to entities and individuals across the globe that if they seek to support Russia, the United States will cut them off as well," Under Secretary of Commerce for Industry and Security Alan Estevez said in a statement.

The Chinese embassy in Washington did not respond to the allegations against the companies, but said Beijing had not provided military assistance to Russia or Ukraine. It said it would take "necessary measures" to protect the rights of its companies, arguing that the sanctions violate international law.

Three of the companies in China accused of aiding the Russian military, Connec Electronic Ltd, Hong Kong-based World Jetta, and Logistics Limited, could not be reached for comment. The other two, King Pai Technology Co, Ltd and Winninc Electronic did not immediately respond to requests for comment.

Hong Kong is considered part of China for purposes of US export controls since Beijing's crackdown on the city's autonomy.

The firms' blacklisting means their US suppliers need a Commerce Department license before they can ship items to them.

The United States has set out with allies to punish Russian President Vladimir Putin for the invasion, which Moscow calls a "special operation", by sanctioning a raft of Russian companies and oligarchs and adding others to a trade blacklist.

While US officials had previously said that China was generally complying with the restrictions, Washington has vowed to closely monitor compliance and rigorously enforce the regulations.

"We will not hesitate to act, regardless of where a party is located, if they are violating US law," Assistant Secretary of Commerce for Export Administration Thea Rozman Kendler said in the same statement.

China / USA

US-China / US-China tension / US-China Relations / China-Russia / China-Russia ties

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: Collected
    Container handling at Ctg port speeds up with new equipment, but imports drop
  • Photo: TBS
    4 female workers killed in Sreemangal tea garden landslide
  • Illustration: TBS
    China-Bangladesh currency clearance agreement can increase trade by 'an unimaginable scale': Li Jiming, Ambassador of China

MOST VIEWED

  • The logo is seen at the launching of the new coffee shop "Stars Coffee", which opens following Starbucks Corp company's exit from the Russian market, in Moscow, Russia August 18, 2022. REUTERS/Maxim Shemetov
    Russian duo hail Stars Coffee as successor brand to Starbucks
  • Chinese Foreign Ministry spokesperson Wang Wenbin attends a news conference in Beijing, China 3 March 2022. REUTERS/Carlos Garcia Rawlins
    China stands by sanctions on Lithuanian official after Taiwan visit
  • The logo of the State Bank of Pakistan (SBP) is pictured on a reception desk at the head office in Karachi, Pakistan July 16, 2019. REUTERS/Akhtar Soomro/File Photo
    Pakistan names Jameel Ahmad as new central bank governor
  • A train timetable information message is displayed, as rail workers in Britain strike over pay and terms, at Waterloo Station in London, Britain, August 18, 2022. REUTERS/Toby Melville
    Strikes to bring London's transport network to a halt
  • Two planes collided in Northern California while trying to land at a local airport and at least two of the three occupants were killed.(AP)
    Planes trying to land collide in California, multiple fatalities reported
  • Two planes collided in Northern California while trying to land at a local airport and at least two of the three occupants were killed.(AP)
    Planes trying to land collide in California, multiple fatalities reported

Related News

  • US business group says members see limited impact from Taiwan-China tensions
  • China to send troops to Russia for Vostok exercise
  • Explainer: What to watch out for as talks on US -China audit deal drag on
  • Will US-China tensions boil over?
  • Five Chinese state-owned companies to delist from US

Features

Illustration: TBS

China-Bangladesh currency clearance agreement can increase trade by 'an unimaginable scale': Li Jiming, Ambassador of China

3h | Interviews
Postcrossing (which connects people through its website) is a system built for postcard enthusiasts, where anyone can sign up and create an account for free. Photo: Noor A Alam

Postcrossers: Reviving a lost art with strangers and postcards

2h | Panorama
We will be facing massive, recurring challenges in the coming years no matter what. Photo: Reuters

Holes in the recession story

1d | Panorama
Illustration: Bloomberg

What nonmonogamy can teach moonlighters and job jugglers

1d | Pursuit

More Videos from TBS

134-year-old traditional sandwich of New York

134-year-old traditional sandwich of New York

1h | Videos
How economic journalism touches lives

How economic journalism touches lives

5h | Videos
City dwellers fed up with unbearable heat

City dwellers fed up with unbearable heat

5h | Videos
Love, marriage, trolls, and an unusual death

Love, marriage, trolls, and an unusual death

16h | Videos

Most Read

1
From left Afzal Karim, Murshedul Kabir and Mohammad Jahangir
Banking

Sonali, Agrani and Rupali banks get new MDs

2
Russia now offers Bangladesh finished oil
Energy

Russia now offers Bangladesh finished oil

3
Photo: TBS
Bangladesh

5 crushed to death as BRT girder falls on car in Uttara

4
Photo: Collected
Economy

Bangladesh is not in a crisis situation: IMF

5
Dollar price drops by Tk8 in kerb market
Economy

Dollar price drops by Tk8 in kerb market

6
Eight more banks make unusual gains from forex dealings
Banking

Eight more banks make unusual gains from forex dealings

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]