Stock Market News

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

2024.12.05 03:35

BEIJING (Reuters) – China has decided to impose sanctions on 13 U.S. military firms from Thursday, in response to the sale of U.S. arms to Taiwan, the foreign ministry said after the United States arranged for Taiwan’s president to transit through its territory.

The step follows China’s strong objection to the United States authorising a potential $385-million sale of spare parts and support for F-16 jets and radars to Taiwan, which Beijing says undermines its sovereignty and territorial integrity.

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

Companies targeted by the sanctions include Teledyne Brown Engineering Inc, BRINC Drones Inc and Shield AI Inc, the foreign ministry said in Thursday’s statement.

Other companies facing sanctions are Rapid Flight LLC, Red Six Solutions, SYNEXXUS Inc, Firestorm Labs Inc, Kratos Unmanned Aerial Systems Inc, HavocAI, Neros Technologies, Cyberlux Corporation, 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

In addition, China will freeze the assets of six executives from five companies including Raytheon (NYSE:), BAE Systems (LON:) and United Technologies (NYSE:), in China, and bar their entry to the country.

Chinese organisations and individuals are also prohibited from dealing with them.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 96,543.87 2.41%
ethereum
Ethereum (ETH) $ 1,846.13 3.05%
tether
Tether (USDT) $ 1.00 0.03%
xrp
XRP (XRP) $ 2.22 1.00%
bnb
BNB (BNB) $ 600.86 0.40%
solana
Solana (SOL) $ 150.34 3.09%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.180678 4.71%
cardano
Cardano (ADA) $ 0.705667 3.21%
tron
TRON (TRX) $ 0.245362 0.56%
staked-ether
Lido Staked Ether (STETH) $ 1,842.51 2.78%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,521.86 2.46%
sui
Sui (SUI) $ 3.66 6.67%
chainlink
Chainlink (LINK) $ 14.86 4.25%
avalanche-2
Avalanche (AVAX) $ 21.78 3.72%
stellar
Stellar (XLM) $ 0.276189 2.05%
leo-token
LEO Token (LEO) $ 9.02 0.50%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 2.34%
the-open-network
Toncoin (TON) $ 3.21 1.02%
hedera-hashgraph
Hedera (HBAR) $ 0.187604 2.14%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,220.98 3.43%
usds
USDS (USDS) $ 1.00 0.00%
bitcoin-cash
Bitcoin Cash (BCH) $ 362.41 0.62%
litecoin
Litecoin (LTC) $ 89.38 6.65%
hyperliquid
Hyperliquid (HYPE) $ 20.31 8.14%
polkadot
Polkadot (DOT) $ 4.17 2.04%
weth
WETH (WETH) $ 1,844.45 2.75%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.05%
bitget-token
Bitget Token (BGB) $ 4.38 1.40%
monero
Monero (XMR) $ 274.70 1.30%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.02%
whitebit
WhiteBIT Coin (WBT) $ 29.30 1.30%
pi-network
Pi Network (PI) $ 0.599779 3.17%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,969.39 3.19%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 96,565.87 2.43%
pepe
Pepe (PEPE) $ 0.000009 1.22%
aptos
Aptos (APT) $ 5.54 3.20%
dai
Dai (DAI) $ 1.00 0.03%
uniswap
Uniswap (UNI) $ 5.35 1.35%
bittensor
Bittensor (TAO) $ 363.48 3.47%
near
NEAR Protocol (NEAR) $ 2.58 4.58%
okb
OKB (OKB) $ 51.68 0.93%
susds
sUSDS (SUSDS) $ 1.05 0.02%
ondo-finance
Ondo (ONDO) $ 0.911037 0.18%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
gatechain-token
Gate (GT) $ 21.73 0.22%
aave
Aave (AAVE) $ 174.67 6.10%
internet-computer
Internet Computer (ICP) $ 4.95 0.56%
ethereum-classic
Ethereum Classic (ETC) $ 16.90 2.07%
tokenize-xchange
Tokenize Xchange (TKX) $ 31.85 1.53%