Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

U.S. Adds Over 100 Chinese, Russian Companies to Military List

Economy Dec 21, 2020 04:54PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Bloomberg. The U.S. Department of Commerce headquarters stands in Washington, D.C., U.S., on Friday, June 1, 2018. The Trump administration this week announced it is imposing tariffs on steel and aluminum imported from the European Union, Canada and Mexico to help protect America's manufacturing base the Commerce secretary said. Photographer: Andrew Harrer/Bloomberg

(Bloomberg) -- The U.S. Commerce Department added more than 100 Chinese and Russian companies to a new list of firms it says have links to their nations’ militaries, a move that will sharply curtail certain types of exports.

The list of 58 Chinese and 45 Russia companies means anyone seeking to sell items that could eventually be used for military purposes to those firms will need a license, the Commerce Department said in a statement on Monday.

Among the biggest names were seven subsidiaries of Aviation Industry Corp. of China Ltd. and Russia’s Foreign Intelligence Service, or SVR, which has been implicated in a recent cyber-attack on U.S. federal agencies and companies.

“The Department recognizes the importance of leveraging its partnerships with U.S. and global companies to combat efforts by China and Russia to divert U.S. technology for their destabilizing military programs,” Commerce Secretary Wilbur Ross said in the statement.

The move comes amid a continuing erosion of U.S.-China ties during the U.S. presidential transition, as President Donald Trump ratchets up actions targeting Beijing over issues from its tightening control over Hong Kong and treatment of Muslim minorities to exports of 5G technology.

Biden Will Inherit a Strong Hand Against Xi, Thanks to Trump (1)

That push has included putting greater scrutiny on companies that the U.S. says are are owned or controlled by China’s military. Earlier this year, the administration listed 31 Chinese companies for being tied to the People’s Liberation Army. Those companies included Huawei Technologies Co. and Hangzhou Hikvision Digital Technology Co., as well as a number of state-run enterprises.

©2020 Bloomberg L.P.

U.S. Adds Over 100 Chinese, Russian Companies to Military List
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Juice Leskinen
Juice Leskinen Dec 22, 2020 7:35AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
no USA firm has ever never spyed any forein company or coverment or indevidual. How us has this high moral compared to others?
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email