The US Department of Commerce has added a Chinese oil company and another company to its sanctions list.
According to Reuters, the U.S. Department of Commerce sanctioned the “China National Oil Export Company” with the allegation of threatening neighboring countries in the South China Sea.
The U.S. Department of Commerce added the Chinese company “SKYRISEN” to its sanctions list under the pretext of having “the capability to design, manufacture or maintain military items such as military aircraft engines.” Such a move is likely to drastically escalate tensions between the world’s largest economy, the United States, and number two China.
In late December 2020, the U.S. Commerce Department added 103 Chinese and Russian companies and institutions to its sanctions list under the pretext of so-called cooperation between the two countries’ militaries, and announced it was likely that companies would be removed from or added to the list after further investigation.
U.S. relations with China and Russia have been strained by a number of problems in recent years. The most recent of these have been Washington’s accusations against Russia and China of conducting cyberattacks on key U.S. government agencies and attempting to interfere in U.S. elections.
Moscow and Beijing have vehemently denied the allegations.
by Basit Abbasi – BBN