Saturday, December 28, 2024 -China has imposed sanctions on seven US companies in response to Washington’s recent approval of a $571.3 million military aid package to Taiwan. Beijing claims the package infringes on its sovereignty and territorial integrity.
Last week, US President Joe Biden authorized defence assistance for
Taiwan, a self-governed island that China considers part of its territory.
Washington’s actions “interfere in China’s internal affairs, and
undermine China’s sovereignty and territorial integrity,” the Chinese foreign
ministry said in a statement Friday, December 27.
The ministry criticized the 2025 US defence budget, which includes a
security cooperation initiative with Taiwan, and proposals for increased
defence industrial collaboration with Taipei.
The sanctions, effective immediately, target Insitu, Hudson
Technologies, Saronic Technologies, Aerkomm, and Oceaneering International,
along with the Canadian and Australian subsidiaries of Raytheon.
China’s measures include freezing the targeted companies’ assets within
its jurisdiction and prohibiting them from conducting business with Chinese
entities or individuals.
The United States, while not diplomatically recognizing Taiwan, remains
the island’s largest arms supplier and strategic ally.
China has escalated military pressure on Taiwan, staging three major
drills since Taiwanese President Lai Ching-te assumed office in May. Beijing
has also reiterated its willingness to use force if necessary to bring Taiwan
under its control.
Chinese foreign ministry spokeswoman Mao Ning warned that US support for
Taiwan “will only burn itself.” “China will continue to take all necessary
measures to firmly defend its sovereignty, security, and development
interests,” Mao said during a press conference.
Friday’s sanctions follow a prior announcement earlier this month, in
which Beijing targeted 13 US firms for arms sales to Taiwan.
0 Comments