China opposes US sanctions on Chinese companies for Russia-related reasons

By Thomson Reuters Feb 26, 2024 | 1:52 AM

BEIJING (Reuters) – China firmly opposes the United States imposing sanctions on Chinese enterprises for Russia-related reasons, the Chinese commerce ministry said on Monday.

China will take necessary measures to firmly safeguard the legitimate rights and interests of Chinese enterprises, the ministry said in a statement on its website.

The Biden administration on Friday announced new trade restrictions on 93 entities from Russia, China, Turkey, the United Arab Emirates, Kyrgyzstan, India and South Korea for supporting Russia’s war effort in Ukraine.

The action, one day before the second anniversary of Russia’s invasion of Ukraine, essentially bans U.S. shipments to the targeted entities, including eight from China, 63 from Russia, 16 from Turkey and four from the UAE.

(Reporting by Joe Cash and Judy Hua; Editing by Tom Hogue and Michael Perry)