The Chinese government has placed sanctions on seven companies in response to recent U.S. announcements of military sales and aid to Taiwan, the self-governing island that China claims as part of its territoryof the U.S. government's annual defense spending bill, which a Chinese Foreign Ministry statement said “includes multiple negative sections on China.”
The seven companies being sanctioned are Insitu Inc., Hudson Technologies Co., Saronic Technologies, Inc., Raytheon Canada, Raytheon Australia, Aerkomm Inc. and Oceaneering International Inc., the Foreign Ministry statement said. It said that “relevant senior executives” of the companies are also sanctioned, without naming any.
U.S. President Joe Biden last week authorized up to $571 million in Defense Department material and services and military education and training for Taiwan. Separately, the Defense Department announced that $295 million in military sales had been approved.. It establishes a fund that could be used to send military resources to Taiwan in much the same way that the U.S. has backed Ukraine. It also expands a ban on U.S.
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