Ukraine war: G7 weighs sanctioning Chinese firms for aiding Russia’s military
- The aim is to coordinate a package of measures, which may also target companies in Iran and North Korea, by the 1-year mark of Moscow’s invasion
- The talks, which are in their early stages, reflect concerns that such firms are providing parts with military uses and helping Russia skirt sanctions
Group of Seven member states are discussing whether to sanction companies in China, Iran and North Korea they believe are providing Russia with parts and technology that have military purposes, according to people familiar with the matter.
The aim is to coordinate a package of measures by February 24, the one-year mark of Russia’s invasion of Ukraine, the people said, asking not to be identified discussing sensitive matters.
The discussions are still in the formative stage, and actions taken by each G7 state might not be the same, one of the people said. The companies that might be included are also still being decided, the people said.
Spokespeople for the White House National Security Council declined to comment.
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Any action would reflect efforts by the G7 to disrupt the flow of material with military purposes to Russia via third countries that are not signed up to the sanctions imposed in the aftermath of its invasion. There is concern that companies may be helping Russia skirt sanctions, the people said.