EU Mulls Sanctions on Chinese and Indian Firms for Assisting Russia's Military Efforts

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Source: CNBC
EU Mulls Sanctions on Chinese and Indian Firms for Assisting Russia's Military Efforts
Photo: CNBC
TL;DR Summary

The European Union is considering imposing sanctions on Chinese companies for allegedly aiding Russia in circumventing Western penalties, marking the first time the EU would target mainland Chinese businesses since the war began. The move comes as the 27-member bloc prepares its 13th package of sanctions in response to Russia's invasion of Ukraine, with a focus on entities supporting Russia to evade sanctions. This development underscores the close economic ties between Russia and China, as well as concerns about the flow of Western technology to Russia through countries like China, Hong Kong, Turkey, and the United Arab Emirates.

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