UK Joins US Bid to Weaken ‘Axis of Evil’ With New Sanctions on Companies Aiding Russia: Analysts

The UK government on June 16 imposed 70 new sanctions on entities and individuals supporting Russia’s war against Ukraine, including Chinese companies.
The sanctions package targets Russia’s “shadow fleets” and financial networks used to avoid trade restrictions, and also third-country suppliers in China, Thailand and Turkey.
Four Chinese companies are on the UK sanctions list. Shenzhen Huaxin Antenna Technology and ComNav Technology specialize in satellite positioning and high-precision GPS; Shtral Technology makes universal lathes and milling machines; and Brukida Limited makes semiconductor chips. Shtral is headquartered in Tianjin but its office address is listed in Hong Kong, while Brukida Limited is registered in Hong Kong…. 

Read More

Leave a Reply