1696664668 US restricts trade with 42 Chinese companies over support for

US restricts trade with 42 Chinese companies over support for Russian military – Portal

An employee wearing a face mask walks past US and Chinese flags

A staff member wearing a face mask walks past United States and Chinese flags placed before a meeting between Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng at the Diaoyutai State Guesthouse in Beijing, China, Saturday, July 8, 2023. Mark Schiefelbein/ Pool via Portal/File Photo Purchase license rights

WASHINGTON, Oct 6 (Portal) – The U.S. Commerce Department on Friday placed 42 Chinese companies on a government export control list for supporting Moscow’s military and defense industrial base – support that includes the supply of integrated circuits from the United States.

Another seven companies from Finland, Germany, India, Turkey, the United Arab Emirates and the United Kingdom were also added to the trade export control list.

The circuits include microelectronics that Russia uses for precision guidance systems in missiles and drones fired against civilian targets in Ukraine, the Commerce Department said in a statement.

“Today’s additions to the Entity List send a clear message: If you supply the Russian defense sector with U.S. technology, we will find out and take action,” Assistant Secretary for Export Control Matthew Axelrod said in the statement.

China described the US actions as “economic coercion and one-sided bullying.”

“The United States should immediately correct its wrong practices and end its unreasonable oppression of Chinese companies,” China’s Commerce Ministry said in a statement.

It has been 20 months since the Russians invaded Ukraine. A Russian missile attack on a village in northeastern Ukraine killed at least 52 people on Thursday in one of the deadliest attacks ever.

Companies are added to the US Entity List if Washington considers them to be a threat to US national security or foreign policy. Suppliers then typically have to obtain hard-to-obtain licenses before shipping goods to companies on the list.

Reporting by David Shepardson, Karen Freifeld and Mike Stone; Writing by Susan Heavey; Edited by Andrea Ricci and Edwina Gibbs

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