Brussels Proposes Sanctions Against Chinese and Indian Corporations with Ties to Russia
According to a document seen by the Financial Times, the European Commission has listed three Chinese companies, one Indian business, and another based in Hong Kong among 21 entities facing sanctions. While the specific names of these businesses remain undisclosed for legal reasons, the proposal reflects a growing determination within the EU to disrupt any channels facilitating support to Russia’s military endeavors.
The proposed sanctions extend beyond Russian borders to encompass entities in third countries indirectly aiding Russia’s military-industrial complex.
This includes restricting trade in electronic components that could potentially be repurposed for weapons systems. Additionally, the sanctions package seeks to ban the export of components used in the production of drones to Russia.
The timing of these measures is notable, coming just ahead of the second anniversary of Russia’s full-scale invasion of Ukraine. With tensions still simmering in Eastern Europe, the EU is intensifying its efforts to close any gaps in the supply chain that could bolster Russia’s military capabilities.
