US enlists 31 Chinese entities under export blacklist
The Commerce Department claims that the Chinese entities are blacklisted "for acting contrary to US national security interests."
The United States added 43 entities to its export control blacklist, including 31 entities from China, as per US Commerce Department.
The Commerce Department claimed that the entities are blacklisted "for acting contrary to US national security interests by violating export regulations and abusing human rights."
"The Department of Commerce is amending the Export Administration Regulations (EAR) by adding 43 entities under 50 entries to the Entity List. These entities have been determined by the US government to be acting contrary to the national security or foreign policy interests of the United States. These entries are listed on the Entity List under the destinations of China (31), Kenya (1), Laos (1), Malaysia (1), Pakistan (4), Singapore (1), South Africa (3), Thailand (1), the United Arab Emirates (5), and the United Kingdom (2)," it detailed.
This would mark the latest move in the ongoing escalation that Washington has been waging against China and its economy.
In May, China said the US attempts at mending ties between the two nations necessitate rolling back on US sanctions targetting multiple Chinese industries and personnel.
China has also been angered by the Biden administration's targeting of trade in advanced microchips, citing risks of military use.
Interest in using the #yuan and other currencies from oil importers has witnessed a hike following the persistent and unending sanctions by the #US and the #West against #Russia.— Al Mayadeen English (@MayadeenEnglish) March 31, 2023
The US imposed #sanctions are backfiring as the de-dollarization is taking place little by little… pic.twitter.com/E2XrS1WGle
Meanwhile, the US-imposed sanctions are backfiring as the de-dollarization is taking place little by little with major oil countries, such as Saudi Arabia, considering shifting from dollar pricing.