Get TOI+ Free Trial & Go Ad Free
Open
OPEN APP

Beijing places sanctions on US arms companies Lockheed, Raytheon

The sanctions are countermeasures against the two companies over ... Read More

BEIJING

: China has placed US companies

Lockheed

Martin Corp and

Raytheon

Technologies Corp under sanctions over US arms sales to

Taiwan

.

The sanctions are countermeasures against the two companies over a $100 million Feb. 7 arms sale that "undermined China's security interests, seriously undermined China-US relations and peace and stability in the Taiwan Strait", foreign ministry spokesman

Wang Wenbin

said at a regular news briefing.

Beijing says that the self-ruled island of Taiwan is a breakaway province that must be reunified with the mainland.

"In accordance with the relevant stipulations in China's anti-foreign sanctions law, the Chinese government has decided to take countermeasures on the infringing acts of Raytheon Technologies and Lockheed Martin,"

Wang

said.

"Both are military enterprises that have long participated in US arm sales to China's Taiwan region."

No further details were given on the nature of the sanctions.

This is the first time the companies have faced sanctions under China's new anti-foreign sanctions law drawn up last year in response to US sanctions against Chinese companies.

On at least two previous occasions China has announced sanctions against Lockheed and Raytheon, in 2019 and 2020, though Beijing provided no further details.
Continue Reading
Follow Us On Social Media
end of article
More Trending Stories
Visual Stories
More Visual Stories
UP NEXT
Do Not Sell Or Share My Personal Information