EU hits 19 Chinese firms with sanctions over links to Russian war effort

NEWS WIRES

24 June 2024 at 11:51 pm·1-min read

The European Union Monday imposed sanctions on 19 Chinese companies aimed at punishing what the West believes is Beijing's support for Russia's war in Ukraine.

A list published in the EU's Official Journal includes several companies located in Hong Kong as well as two global satellite giants.

The 14th package of sanctions against Russia added 61 new companies to the list of entities accused of directly "supporting Russia's military-industrial complex" in the war in Ukraine, bringing the total to 675 firms.

These companies are now subject to drastic restrictions over sales of "dual-use goods and technology" that could be used for the "enhancement of Russia's defence and security sector".

China denies Western accusations that it is supporting Russia's military campaign.

Among the newly added companies are two major players in the Chinese satellite industry involved in the sale of satellites and satellite imagery to Russia's Wagner mercenary group.

In October, an AFP investigation revealed that Wagner in 2022 signed a contract worth more than $30 million with Chinese firm Beijing Yunze Technology Co Ltd to acquire two satellites and use their images.

The two high-resolution satellites belonged to Chang Guang Satellite Technology, a leading global satellite company which was the unit to be added to the EU's sanctions list.

(AFP)

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