EU Proposes Sanctions Against Companies in China, India, and Kyrgyzstan

The European Union may impose restrictions on a number of Chinese, Indian, and Kyrgyz companies as part of the 19th package of anti-Russian sanctions. This information was reported by EUObserver, citing a draft from the European Commission (EC) proposing new restrictive measures.

Companies that may be included on the blacklist include China's China Aerospace Science and Industry Corporation and Tianjin Xishanfusheng International Trading, as well as Old Vector and Kyrgyzstan's Grinex crypto exchange. Furthermore, the proposal suggests adding 11 companies from mainland China and Hong Kong, three from India, and two from Thailand to the gray list of companies involved in circumventing sanctions.