CHINA has declared its opposition to European Union sanctions against three Chinese firms, thwarting their efforts to assist the Russian war effort, reports Bloomberg.
New proposal would ban European firms from trading with the entities as part of the bloc's efforts to crack down on Russia accessing sanctioned goods through companies in third countries. Companies in Hong Kong, Serbia and Turkey are listed.
'We are aware of the relevant reports,' said the Chinese Ministry of Foreign Affairs. 'China firmly opposes illegal sanctions or 'long-arm jurisdiction' against china on the grounds of cooperation between China and Russia.'
Brussels is considering new restrictions on about two dozen firms, including three based in China and one in India. If member states approve the plan, it would be the first time the EU has imposed curbs on businesses in mainland China and India since Russia invaded Ukraine.
Tensions between Europe and China have been building, with Brussels launching a probe into Chinese electric-vehicle manufacturers.
For its part, Beijing initiated an anti-dumping investigation into EU liquor products and the Netherlands striking a secret deal with the US to try to limit ASML Holding NV's deliveries of sensitive chip-making equipment to China.
Beijing has been trying to stabilise relations with Europe in recent months as its slowing economy leads to a greater emphasis on boosting growth by attracting foreign investment and trade.
China and EU leaders held their first in-person summit in four years in December, with President Xi Jinping saying he wants to be a 'key partner' of the EU on trade.
SeaNews Turkey
New proposal would ban European firms from trading with the entities as part of the bloc's efforts to crack down on Russia accessing sanctioned goods through companies in third countries. Companies in Hong Kong, Serbia and Turkey are listed.
'We are aware of the relevant reports,' said the Chinese Ministry of Foreign Affairs. 'China firmly opposes illegal sanctions or 'long-arm jurisdiction' against china on the grounds of cooperation between China and Russia.'
Brussels is considering new restrictions on about two dozen firms, including three based in China and one in India. If member states approve the plan, it would be the first time the EU has imposed curbs on businesses in mainland China and India since Russia invaded Ukraine.
Tensions between Europe and China have been building, with Brussels launching a probe into Chinese electric-vehicle manufacturers.
For its part, Beijing initiated an anti-dumping investigation into EU liquor products and the Netherlands striking a secret deal with the US to try to limit ASML Holding NV's deliveries of sensitive chip-making equipment to China.
Beijing has been trying to stabilise relations with Europe in recent months as its slowing economy leads to a greater emphasis on boosting growth by attracting foreign investment and trade.
China and EU leaders held their first in-person summit in four years in December, with President Xi Jinping saying he wants to be a 'key partner' of the EU on trade.
SeaNews Turkey