Ukraine sanctions Russian, Chinese, Belarusian firms supplying drone technology
According to the Ukrainian Presidential decree, restrictions were introduced against 39 Russian nationals and 55 companies from Russia, China, and Belarus. The measures target entities involved in the production of drones using artificial intelligence, as well as suppliers of electronic components for unmanned aerial vehicles. Among the sanctioned companies are Russian defense developers Zala Aero, […]
The European Union will impose sanctions on China
The European Union is preparing to impose sanctions on China for sending drone engines to Beijing, disguised as “cooling units,” to support Russia’s aggression in Ukraine. An EU diplomat told Politico that preparations are being made to impose sanctions on China for secretly sending armed drone engines to Russia under the leadership of Vladimir Putin. […]
China sanctions former Filipino lawmaker over South China Sea claims
China sanctioned a former Filipino lawmaker Tuesday over legislation that marks out the Philippines’ territorial claims in the disputed South China Seas. Francis Tolentino, who has just finished serving his term as majority leader of the Philippine Senate, is prohibited from entering China as well as the territories of Hong Kong and Macau, according to […]
U.S. limits Huawei AI chip production
U.S. announces stricter measures on Chinese chipmakers amidst rising technological rivalry. They are limiting Huawei AI chip production to 200.000 units. According to Chosun, The Trump administration has formalized tough measures to curb China’s semiconductor ambitions. Jeffrey Kessler, Vice Minister of the U.S. Department of Commerce, stated during a congressional hearing that, under the export control […]
Korea fines Chinese e-commerce platform Temu over deceptive promotions
Korea’s antitrust watchdog said it has fined Temu for misleading Korean consumers through deceptive promotional campaigns, marking the first regulatory sanction imposed on the Chinese e-commerce platform by the agency. According to Korea Times, The Fair Trade Commission said it has imposed a fine of 357 million won ($260,000) on Temu for violating the law […]
China plans to turn Shenzhen into AI and aviation hub amid US sanctions
Beijing is deepening reforms to accelerate the development of emerging industries in the Chinese tech hub, which faces a barrage of US trade curbs. The plan focuses on boosting Shenzhen’s ability to create scalable business models in industries such as artificial intelligence and aviation that can be replicated across China, by helping the city cultivate […]
EU prepares sanctions on Chinese banks over Russia ties
According to Bloomberg, The European Union leadership is planning to ban European companies from cooperating with two Chinese banks that have been helping Russia circumvent existing trade restrictions. According to draft documents, financial institutions operating within the European Union will be prohibited from conducting any transactions with two regional Chinese banks located near the China-Russia […]
Hong Kong vows enforcement of UN Iran sanctions, hits out at US measures
Locally based Super Sources Industrial and owner Wang Chao among list of firms, individuals hit by US sanctions for alleged Iran missile programme support. The Hong Kong government has reaffirmed its commitment to strictly enforcing UN Security Council sanctions while hitting out at the United States’ unilateral decision to penalise a company based in the […]
US sanctions Chinese refinery, oil firms over Iran oil shipments
The United States on Thursday sanctioned a China-based independent “teapot” refinery and three oil terminal operators for helping deliver hundreds of millions of dollars’ worth of Iranian oil, according to the State Department. This is the US’ third action against a China-based independent teapot refinery since President Donald Trump revived his “maximum pressure” campaign against […]
China lifts sanctions against several MEPs
China has lifted sanctions on five EU parliamentarians after signaling interest in closer economic and political ties with Europe. European Parliament President Roberta Metsola informed political group leaders during a closed-door meeting of the decision of the Chinese authorities. Beijing had initially imposed its sanctions in 2021 on 10 EU individuals and four entities, including […]