Home MOREBUSINESS & ECONOMY Brussels Proposes Sanctions Against Chinese and Indian Corporations with Ties to Russia

Brussels Proposes Sanctions Against Chinese and Indian Corporations with Ties to Russia

by EUToday Correspondents
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In a move that underscores the European Union’s commitment to stifle Russia’s military capabilities, Brussels is proposing sanctions on several Chinese and Indian companies allegedly linked to Russia’s war machinery.
This marks the first instance where the EU has targeted entities from these two major trading partners, signalling a significant escalation in the bloc’s efforts to curtail Russian aggression.

According to a document seen by the Financial Times, the European Commission has listed three Chinese companies, one Indian business, and another based in Hong Kong among 21 entities facing sanctions. While the specific names of these businesses remain undisclosed for legal reasons, the proposal reflects a growing determination within the EU to disrupt any channels facilitating support to Russia’s military endeavors.

The proposed sanctions extend beyond Russian borders to encompass entities in third countries indirectly aiding Russia’s military-industrial complex.

This includes restricting trade in electronic components that could potentially be repurposed for weapons systems. Additionally, the sanctions package seeks to ban the export of components used in the production of drones to Russia.

The timing of these measures is notable, coming just ahead of the second anniversary of Russia’s full-scale invasion of Ukraine. With tensions still simmering in Eastern Europe, the EU is intensifying its efforts to close any gaps in the supply chain that could bolster Russia’s military capabilities.

However, the proposed sanctions are not without controversy. The inclusion of an Indian company raises sensitivities, particularly given India’s status as a key ally of the United States and its ongoing negotiations for a trade deal with the EU.

India has faced criticism for its purchase of sanctioned Russian oil at discounted rates, further complicating its stance in the global geopolitical landscape.

Despite the extensive sanctions imposed by Western nations on Russia, concerns persist over Russia’s continued production of military hardware. The delay in US Congress over a military support package for Ukraine has raised alarms over a potential shortfall in aid to Kyiv, allowing Russia to make further military gains.

Meanwhile, calls from certain member states and industries to tighten restrictions on the supply of aluminum from Russia have been disregarded by the European Commission. Aluminum is a critical component in advanced products, including aircraft, making it a strategic asset in the context of military operations.

Looking ahead, diplomats anticipate that more than 200 individuals could face sanctions in future iterations of the proposal, indicating a sustained effort by the EU to ramp up pressure on Russia and its allies.

As the proposal awaits approval from member states, the European Commission remains tight-lipped about its specifics. The Chinese and Indian embassies in Brussels have been approached for comment, highlighting the diplomatic sensitivities surrounding this latest move in the ongoing standoff between Russia and the West.

In summary, the EU’s preparation of sanctions targeting Chinese and Indian companies underscores its determination to disrupt support networks bolstering Russia’s military capabilities. With tensions in Eastern Europe showing no signs of abating, these measures represent a calculated effort to assert European resolve in the face of continued aggression.

Read also: Russia Sanctions: UK announces new unit to clamp down on companies evading sanctions



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