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U.S. PUBLISHES LIST OF CHINESE, RUSSIAN FIRMS WITH MILITARY TIES

  • Writer: By The Financial District
    By The Financial District
  • Dec 23, 2020
  • 1 min read

The Trump administration published a list of Chinese and Russian companies with alleged military ties that restrict them from buying a wide range of US goods and technology, Karen Freifield reported for Reuters,

Reuters first reported last month that the US Department of Commerce drafted a list of companies that it linked to the Chinese or Russian military, news that brought a rebuke from Beijing.


The final list does not include Commercial Aircraft Corp. of China (COMAC), or the Hong Kong subsidiaries of Colorado’s Arrow Electronics and Texas-based TTI Inc, a Berkshire Hathaway electronics distributor. Those companies were on the draft list seen by Reuters.


However, Shanghai Aircraft Design and Research Institute, which designs COMAC planes, and Shanghai Aircraft Manufacturing Co, are on the list.


The final list names 103 entities, 14 fewer than on the draft list seen by Reuters in November. Fifty-eight are designated under China, down from 89, and 45 entities are tied to Russia, up from 28.


Commerce Secretary Wilbur Ross said on Monday the action establishes a new process “to assist exporters in screening their customers for military end users.” The final list was published on the Commerce Department website on Monday and is scheduled to be posted for public inspection in the Federal Register on Tuesday.



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