China Adds 14 European Entities to Export Control List in Retaliation for EU Sanctions
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China retaliates against EU sanctions by adding 14 European entities to its export control list, barring Chinese dual-use item exports to these entities and prohibiting foreign supply of Chinese-made dual-use items.
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Warum es wichtig ist
The EU imposed sanctions on 14 Chinese entities for their involvement in Russia's war in Ukraine, prompting China's retaliatory measures.
China has added fourteen European organizations to its export control list in retaliation for the European Union's sanctions against Chinese firms over their involvement in Russia's war in Ukraine. The Chinese Commerce Ministry announced that Chinese companies are barred from exporting dual-use items to these European entities, and foreign companies are also prohibited from supplying Chinese-made dual-use items to them. The targeted European companies include Tatra Trucks (Czech Republic), Lafert SpA (Italy), Sindlhauser Materials GmbH (Germany), and Cavok UAS (France). A spokesperson for the Chinese Commerce Ministry stated that these measures aim to safeguard China's national security and interests in response to the EU's "egregious actions." Meanwhile, China also announced a 20% individual income tax on assets in offshore trusts to close a loophole used by wealthy citizens.
The EU had previously sanctioned 14 Chinese and Hong Kong enterprises for their roles in supporting Russia's military efforts in Ukraine. China's response reflects the escalating tensions between China and the Western bloc over the Ukraine conflict and trade policies.
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Further escalation in China-EU trade tensions
Wahrscheinlich · Innerhalb von Wochen
Offene Fragen
- Long-term impact on China-EU trade relations
