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China slaps sanctions on 13 US military firms over Taiwan arms sale

investing.com 05/12/2024 - 08:34 AM

China Imposes Sanctions on U.S. Military Firms

BEIJING (Reuters) – China has decided to impose sanctions on 13 U.S. military firms starting Thursday due to the sale of U.S. arms to Taiwan, as stated by the foreign ministry after the U.S. arranged for Taiwan's president to transit through its territory.

This action follows China's strong objection to the U.S. authorizing a potential $385-million sale of spare parts and support for F-16 jets and radars to Taiwan. Beijing claims this undermines its sovereignty and territorial integrity.

China views Taiwan as its own territory and considers President Lai Ching-te a dangerous separatist, opposing any foreign interactions or visits by the island's leaders.

Targeted Companies

The companies targeted by the sanctions include:
– Teledyne Brown Engineering Inc
– BRINC Drones Inc
– Shield AI Inc
– Rapid Flight LLC
– Red Six Solutions
– SYNEXXUS Inc
– Firestorm Labs Inc
– Kratos Unmanned Aerial Systems Inc
– HavocAI
– Neros Technologies
– Cyberlux Corporation
– Domo Tactical Communications
– Group W

Additional Measures

China will also freeze the assets of six executives from five companies, including Raytheon, BAE Systems, and United Technologies, within China and prohibit their entry into the country.

Chinese organizations and individuals are prohibited from engaging with these targeted firms.




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