US sanctions against Chinese companies is move of economic coercion — Embassy


The Embassy of China in the US considers that US sanctions against Chinese companies for their ties with Russia is an act of economic coercion, press secretary of the Embassy Liu Pengyu told TASS, Paralel.Az reports.

"The US imposed more unilateral sanctions on Chinese companies citing their relations with the Russian side. This is a typical move of economic coercion, unilateralism and bullying," the diplomat said.

Beijing "firmly opposes the US move of overstretching the concept of national security and abusing state power to suppress Chinese companies," Liu noted.

"The US needs to correct its wrongdoing immediately, and stop containing and suppressing Chinese companies," the Chinese diplomat stressed. "China will continue to do what is necessary to firmly safeguard the lawful rights and interests of Chinese companies," he added.

On February 23, the US Department of the Treasury released new anti-Russian sanctions, targeting individuals and legal entities from Russia and other countries, including in particular China, the UAE, Turkey, and others.