Categories: Stock Market News

China slaps sanctions on 13 US navy corporations over Taiwan arms sale


BEIJING (Reuters) – China has determined to impose sanctions on 13 U.S. navy corporations from Thursday, in response to the sale of U.S. arms to Taiwan, the international ministry mentioned after the US organized for Taiwan’s president to transit by way of its territory.

The step follows China’s sturdy objection to the US authorising a possible $385-million sale of spare components and assist for F-16 jets and radars to Taiwan, which Beijing says undermines its sovereignty and territorial integrity.

China, which considers Taiwan its personal territory and its President Lai Ching-te a harmful separatist, opposes any international interactions or visits by the island’s leaders.

Corporations focused by the sanctions embody Teledyne Brown Engineering Inc, BRINC Drones Inc and Protect AI Inc, the international ministry mentioned in Thursday’s assertion.

Different firms dealing with sanctions are Speedy Flight LLC, Pink Six Options, SYNEXXUS Inc, Firestorm Labs Inc, Kratos Unmanned Aerial Techniques Inc, HavocAI, Neros Applied sciences, Cyberlux Company, Domo (NASDAQ:DOMO) Tactical Communications and Group W.

As well as, China will freeze the belongings of six executives from 5 firms together with Raytheon (NYSE:RTN), BAE Techniques (LON:BAES) and United Applied sciences (NYSE:RTX), in China, and bar their entry to the nation.

Chinese language organisations and people are additionally prohibited from coping with them.

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