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Trade Sanction: US Adds More Chinese Tech Firms To Blacklist

by Pointnews247
November 26, 2021
in Uncategorized
0

United States government has added more Chinese firms to its blacklist.

Point News247 reports that dozens of Chinese companies have been restricted by the US government for national security and foreign policy concerns.

According to the US authority, eight Chinese-based technology firms were added to the “Entity List” for their alleged role in assisting the Chinese military’s quantum computing efforts and acquiring or attempting “to acquire US origin-items in support of military applications”.

The US Commerce Department also said 16 individuals and entities operating in China and Pakistan were added to the list due to their involvement in “Pakistan’s unsafeguarded nuclear activities or ballistic missile program.”

A total of 27 new entities were added to the list from China, Japan, Pakistan, and Singapore.

Separately, the Moscow Institute of Physics and Technology was added to the department’s military end-user list, although the listing gave no more details other than it had produced military equipment.

The new listings will help prevent American technology from supporting the development of Chinese and Russian “military advancement and activities of non-proliferation concern like Pakistan’s unsafeguarded nuclear activities or ballistic missile program,” Commerce Secretary Gina Raimondo said in a statement.

Potential suppliers to firms on the list will now need to apply for a licence before they can sell to them, with applications likely to be denied.

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