China Strongly Opposes US Move to Add Chinese Entities to Export Control List Over Russia-Related Issues

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ICARO Media Group
Politics
25/08/2024 18h44

In a strong rebuke, China's Ministry of Commerce has expressed its firm opposition to the recent decision by the United States to include multiple Chinese entities on its export control list due to their alleged support of the Russian military. The move comes as the US added a total of 105 firms from both Russia and China to its trade restriction list on Friday.

The United States' action targeted 42 Chinese companies, 63 Russian companies, and 18 firms from various other countries. These entities were singled out for reasons ranging from supplying US electronics to Russian military-related parties to manufacturing thousands of Shahed-136 drones for Russia's use in the ongoing conflict in Ukraine.

Under the trade restriction list, American suppliers are now required to obtain difficult-to-obtain licenses in order to export products to entities listed. This move by the US has been met with strong criticism from China's Ministry of Commerce, which asserts that it disrupts the international trade order and hampers normal economic exchanges.

Furthermore, the Chinese Ministry has stated its commitment to taking necessary measures in order to resolutely safeguard the legitimate rights of Chinese companies affected by the US decision. China firmly believes that such actions are not only detrimental to economic ties between the two nations but also endanger the stability of the global trade environment.

The escalating trade tensions between China and the United States, coupled with the broader geopolitical concerns surrounding Russia's military involvement, have further strained relations between these major world powers. As the US continues to strengthen trade restrictions in an attempt to curtail support to the Russian military, the international community watches closely to see how China will respond to protect its interests and maintain a semblance of normalcy in global economic exchanges.

Both countries have often found themselves at odds over various issues, ranging from trade imbalances to alleged intellectual property theft. As the ramifications of this latest trade restriction play out, it remains to be seen how the dispute will impact the delicate equilibrium of global trade and influence future diplomatic relations between China and the United States.

In the face of mounting tensions, China remains resolute in its commitment to safeguarding its national interests and the rights of its companies. As the trade war continues to unfold, the world eagerly awaits further developments and potential resolutions to mitigate the growing economic rift between two of the world's largest economies.

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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