Updated January 7th, 2024 at 11:39 IST
China sanctions 5 US defence firms over Taiwan arms deal, escalating tensions
China retaliated against US arms sales to Taiwan, imposing sanctions on American defence firms, citing sovereignty concerns.
Bejing: China has put sanctions on five American defence-related companies as a response to the United States selling arms to Taiwan and imposing sanctions on Chinese firms and individuals. The Chinese Foreign Ministry stated that these sanctions will freeze any assets these companies have in China and stop organisations and individuals in China from doing business with them. The affected companies are BAE Systems Land and Armament, Alliant Techsystems Operation, AeroVironment, ViaSat, and Data Link Solutions.
The Foreign Ministry mentioned that the actions by the US have harmed China's sovereignty and security interests, disrupted peace and stability in the Taiwan Strait, and violated the rights and interests of Chinese companies and individuals.
It underlined China's commitment to protect its national sovereignty, security, territorial integrity, and the lawful rights of its companies and citizens. China considers Taiwan, an independently governed island near its coast, as part of its territory that should ultimately be under Beijing's control.
Published January 7th, 2024 at 11:39 IST