China Warns of ‘Strong’ Reaction If EU Sanctions Its Companies

(Bloomberg) — China would react “strictly and strongly” to any penalties imposed on its companies by the European Union for supplying Russia with so-called dual-use goods that can be used for both military and civilian purposes, according to Foreign Minister Qin Gang.

The EU’s executive arm has proposed extending strict trade restrictions to several Chinese companies as it tries to crack down on firms supplying the Kremlin with banned goods and technologies that have aided its war machine in Ukraine.