China on Wednesday sanctioned 12 defence-related US companies and 10 executives over arms sales to Taiwan and to retaliate earlier American sanctions on Chinese companies tied to Russia. The entities include units of Lockheed Martin, Raytheon, General Dynamics and other companies. Senior executives of Northrop Grumman Corporation and General Dynamics were also targeted. While the US does not recognise Taiwan as a country, Washington is obligated by federal law to ensure the island’s government has the means to defend itself. The latest round of sanctions, imposed under China’s Anti-Foreign Sanction Law, will freeze all assets of businesses inside China and deny individuals and their immediate family members a visa to enter the country, including Hong Kong and Macau.

Source: The Telegraph May 23, 2024 08:38 UTC