Just Politics

EU fines 19 Chinese companies over links to Russia-Ukraine war

The European Union (EU) has imposed sanctions on 19 Chinese companies aimed at punishing what the West believes is Beijing’s support for Russia’s war in Ukraine.

A list published in the EU’s Official Journal on Monday includes several companies located in Hong Kong as well as two global satellite giants.

The 14th package of sanctions against Russia added 61 new companies to the list of entities accused of directly “supporting Russia’s military-industrial complex” in the war in Ukraine, bringing the total to 675 firms.

These companies are now subject to drastic restrictions over sales of “dual-use goods and technology” that could be used for the “enhancement of Russia’s defence and security sector”.

China denies Western accusations that it is supporting Russia’s military campaign.

Among the newly added companies are two major players in the Chinese satellite industry involved in the sale of satellites and satellite imagery to Russia’s Wagner mercenary group.

In October, an AFP investigation revealed that Wagner in 2022 signed a contract worth more than $30 million with Chinese firm Beijing Yunze Technology Co Ltd to acquire two satellites and use their images.

Biden orders Ukraine to use U.S. weapons on Russia

The contract was signed in November 2022, over half a year into Moscow’s invasion of Ukraine in which the Wagner group under its founder Yevgeny Prigozhin was playing a key role on the battlefield.

The two high-resolution satellites belonged to Chang Guang Satellite Technology, a leading global satellite company which was the unit to be added to the EU’s sanctions list.

Another company named Monday was Head Aerospace Technology, which sells satellite images and was placed on a U.S. sanctions list in 2023 for supplying the Wagner Group.

Even if China does not deliver weapons directly to Russia, the United States and Europe accuse it of selling components and equipment to Moscow’s military industry.

Chinese foreign ministry spokesman Lin Jian has dismissed the claims as “false information”.

Russian-based companies make up about half of the 61 entities added to the EU’s list Monday.

In addition to the 19 Chinese companies, it also added nine from Turkey, two in Kyrgyzstan, one in India, one in Kazakhstan, and one in the United Arab Emirates.

The Star

Segun Ojo

Recent Posts

Gunmen kidnap 10, torch emir’s palace in Kwara

Suspected gunmen have kidnapped 10 people after launching a coordinated overnight attack on the palace…

29 minutes ago

West Ham to offer 4 players for sale over £100m debt as Robertson sets for Tottenham move

West Ham face a summer of £100 million debts and a player fire sale after…

1 hour ago

Ondo varsity student emerges new NANS president

The National Association of Nigerian Students (NANS) has elected Babatunde Akinteye of the Olusegun Agagu…

2 hours ago

Eid traffic: FRSC urges motorists to use Kachia–Bwari route

The Federal Road Safety Corps has advised motorists to divert to the Kachia–Bwari route following…

2 hours ago

NDC picks Batayya as Gaya loses Kano South ticket

A former senator representing Kano South, Kabiru Gaya, has lost his bid to clinch the…

3 hours ago

29-Year-old woman found dead in Abuja canal

A 29-year-old graduate of Sociology from Kogi State University, identified as Blessing Moshood, has been…

4 hours ago

This website uses cookies.