The sanctions target individuals and companies both inside and outside of Russia “whose products and services enable Russia to sustain its war effort and evade sanctions,” the US Treasury Department said in a statement.
China’s commerce ministry on Sunday said the move was “typical unilateral sanctions” that “disrupt international trade order and rules, hinder normal international economic and trade exchanges, and threaten the security and stability of global industrial and supply chains”.
The United States has repeatedly warned China about its support for Russia’s defence industry. China, however, presents itself as a neutral party in the war and says it is not sending lethal assistance to either side, unlike the United States and other Western nations.
But China is a close political and economic ally of Russia, and NATO members have branded Beijing a “decisive enabler” of the war, which it has never condemned.
From: channelnewsasia
Business News
