EU Proposes Curbs on Three Chinese Firms for Aiding Russia
- It would be the first time the EU targeted Chinese firms
- The proposal still needs the backing of all member states
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The European Union has proposed new trade restrictions on about two dozen firms, including three based in China, accused of supporting Russia’s war efforts in Ukraine.
If adopted, it would be the first time the EU has imposed restrictions on companies in mainland China since Russia invaded Ukraine. The list includes firms in Hong Kong, Serbia, India and Turkey, some of which are also being targeted for the first time, according to a draft of the proposal seen by Bloomberg. The companies are not named for legal reasons.