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U.S. Imposes Sanctions on Chinese Companies for Aiding Russia’s War Effort

Posted on the 01 May 2024 by Phil's Stock World @philstockworld
The penalties came after top Biden administration officials warned China not to help Moscow restock its arsenal to attack Ukraine.

The Biden administration on Wednesday announced nearly 300 new sanctions on international suppliers of military equipment technology that the administration said have been helping Russia restock its arsenal as it carries out the war in Ukraine.

The sanctions represent a broadening of U.S. efforts to disrupt Russia's military industrial complex supply chain. They include more than a dozen targets based in China, which the United States says has increasingly been helping Russia arm itself...

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