Home Stocks China slaps sanctions on 13 US navy companies over Taiwan arms sale By Reuters

China slaps sanctions on 13 US navy companies over Taiwan arms sale By Reuters

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China slaps sanctions on 13 US navy companies over Taiwan arms sale By Reuters

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

The step follows China’s sturdy objection to the US authorising a possible $385-million sale of spare elements 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 overseas interactions or visits by the island’s leaders.

Firms focused by the sanctions embrace Teledyne Brown Engineering Inc, BRINC Drones Inc and Protect AI Inc, the overseas ministry stated in Thursday’s assertion.

Different firms going through sanctions are Speedy Flight LLC, Crimson Six Options, SYNEXXUS Inc, Firestorm Labs Inc, Kratos Unmanned Aerial Programs Inc, HavocAI, Neros Applied sciences, Cyberlux Company, Domo (NASDAQ:) Tactical Communications and Group W.

© Reuters. FILE PHOTO: U.S. and Chinese flags are seen through broken glass in this illustration taken Jan. 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

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

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