Friday, December 17, 2021

The United States is imposing sanctions on eight Chinese companies

 


 The US Treasury Department has imposed sanctions on eight Chinese technology companies. This is stated in a statement published on the official website of the department.

Organizations, including the manufacturer of unmanned aerial vehicles DJI Technology, are included in the list of legal entities subject to investment restrictions - Americans are prohibited from buying or selling certain securities of these companies. Initially, the announcement of the Ministry of Finance mentioned one citizen and four organizations of the PRC, but then the page was updated with a different list.

 According to the ministry, the eight companies are helping the authorities with biometric monitoring of "ethnic and religious minorities in China", mainly Uighurs in the Xinjiang Uyghur Autonomous Region.

"Today's action highlights how private companies in China's defense and surveillance technology sector are actively working with the government to fight ethnic and religious minorities," said Finance Minister Brian Nelson, who is in charge of financial intelligence and anti-financing. of terrorism. "The Treasury Department remains committed to ensuring that the US financial system and US investors do not support these activities."

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