• Sat. Mar 2nd, 2024

EU Sanctions Chinese and Indian Firms over Alleged Support for Russia’s War Efforts, Seeking to Hold Countries Accountable

ByEditor

Feb 13, 2024
Report: Chinese and Indian Companies Facing Sanctions for Russia Connections

The European Union is reportedly planning to sanction three Chinese companies and evaluate firms based in Hong Kong, India, Serbia, and Turkey for their alleged support of Russia, marking the first time the bloc has imposed restrictions on Chinese and Indian businesses since the invasion of Ukraine. This move comes as the EU is also considering measures against companies based in these countries for their ties to Moscow.

The draft proposal, which has not yet been made public, would ban companies from doing business with the listed parties that the EU believes could be aiding Russia in its war in Ukraine. Member states are expected to vote through the plan soon, which would mark a significant step in the EU’s efforts to hold countries accountable for their actions in the conflict.

During a visit to Beijing in April 2023, European Commission president Ursula von der Leyen warned China’s leader Xi Jinping not to support Russia’s war efforts, emphasizing the crucial role of China’s position in the conflict and expressing the EU’s expectation for China not to provide any military equipment, directly or indirectly, to Russia. Von der Leyen stressed that arming the aggressor would be against international law and that it would significantly harm the EU’s relationship with China.

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