The U.S. Department of the Treasury and the Department of State on Aug. 23 announced it had targeted nearly 400 entities and individuals aiding Russia’s war effort. Several of the Chinese companies sanctioned were found to have been selling machine parts and technological equipment like chips used in military equipment to Russian entities that were already blacklisted. Forty-two Chinese companies were put on a trade restriction list.
The Chinese Communist Party (CCP) has sided with Russia in the war from the outset, responding only evasively to U.S. diplomats’ calls that it recognize the sovereignty of nations and cease its aid of Russian war efforts. Friday’s sanctions revealed broad efforts on the U.S. government’s part to block American and foreign money from bolstering the Russian military. Individuals and entities targeted went beyond direct suppliers of funds, weapons, and tech to the Russian military and also included Russia’s metal and mining industry, which would dampen Russia’s financial sector.
The Chinese Ministry of Commerce described these as “wrong actions” and claimed the sanctions were made with “so-called Russia-related excuses.”
The United States issued its first round of sanctions on Russia in February 2022, shortly after which CCP officials stated they would engage in normal trade with Russia. The CCP has continued to finance and sell Russia materials needed for military equipment throughout 2022, 2023, and 2024.