Home / Market Update / US Imposes New Sanctions over South China Sea

US Imposes New Sanctions over South China Sea

The United States has blacklisted 24 Chinese companies involved in construction and military activities in the South China Sea, Reuters reported.

The sanctioned companies are playing a “role in helping the Chinese military construct and militarize the internationally condemned artificial islands in the South China Sea,” according to a statement by the US Department of Commerce.

Check Also

PPI Shadowed: GBP/USD Wobbles Amid GDP Shock and Surging US Inflation Fears

The Pound Sterling (GBP) faced renewed pressure against the US Dollar (USD) this week, with …