EU Proposes Curbs on Several Chinese Firms for Aiding Russia
- Measures focus on goods, technologies aiding Russia in Ukraine
- Targets include firms in China, Hong Kong, UAE, documents show
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The European Union has proposed extending strict trade restrictions to several Chinese companies for the first time as it cracks down on firms supplying Russia with banned goods and technologies that have aided its war machine in Ukraine.
The bloc’s executive arm has asked member states to target about 35 more entities, including businesses in mainland China and Hong Kong, as well as companies in Uzbekistan, Armenia and the United Arab Emirates, according to documents seen by Bloomberg.