US Congress to consider bill on sanctions against Chinese tech giants
news.online.ua
Fri, 18 Apr 2025 20:04:00 +0300
Chinese tech giants could face US sanctionsThis was reported by the Ambassador of Ukraine to the United States, Oksana Markarova.According to her, the bill was introduced to the House of Representatives by John Moolenaar Republican, chairman of the US House of Representatives Select Committee on Countering the CCP, and Jimmy Panetta Democrat, a member of the House Committees on Tax Policy and Budget.The ambassador said that the bill proposes to impose sanctions against Chinese companies that provide material support for Russias aggression against Ukraine.
This concerns dualuse technologies, defense cooperation, and financial transactions.The document provides that the US president will receive the authority toimpose sanctions against Chinese entities that provide material support to Russias defenseindustrial base and technology sectorimpose sanctions against PRC organizations involved in military modernization or malicious cyber activitiesimpose sanctions against Chinese organizations involved in arms sales abroad.In particular, the following may be subject to sanctionsHuawei Technologies Co.
Ltd is a global giant in the field of telecommunications and smartphones.DJI Shenzhen DJI Innovation Technology Co.
Ltd is a world leader in the production of drones.Hikvision Hangzhou Hikvision Digital Technology Co.
Ltd is the largest manufacturer of video surveillance systems.SMIC Semiconductor Manufacturing International Corporation is a leading Chinese chip manufacturer.AVIC Aviation Industry Corporation of China Ltd is Chinas main aircraft manufacturing corporation, a key player in the defense industry.The bill also provides that within 180 days after it enters into force, the US Secretary of State, Secretary of the Treasury, and Secretary of Defense must propose to Congress to impose sanctions against Chinese defense, shipbuilding, and aircraft manufacturing companies.
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