EU Proposes Curbs On Indian, Chinese Firms For Aiding Russia: Report
NDTV
The list includes firms in Hong Kong, Serbia, India and Turkey, some of which are also being targeted for the first time, as per report.
The European Union has proposed new trade restrictions on about two dozen firms, including three based in China, accused of supporting Russia's war efforts in Ukraine.
If adopted, it would be the first time the EU has imposed restrictions on companies in mainland China since Russia invaded Ukraine. The list includes firms in Hong Kong, Serbia, India and Turkey, some of which are also being targeted for the first time, according to a draft of the proposal seen by Bloomberg. The companies are not named for legal reasons.
The restrictions would ban European firms from trading with the listed firms as part of the bloc's efforts to crack down on Russia's ability to get its hands on sanctioned goods through companies in third countries. The EU had previously proposed listing several Chinese firms, but those proposals were dropped following resistance from some member states and after Beijing provided assurances.
