China to the rescue? U.S. Commerce Secretary warns: Chinese companies will be severely sanctioned if they dare to help Russia | Finance | New Head Shell Newtalk

U.S. Commerce Secretary Gina Raimondo. Figure: Taken from the U.S. Department of Commerce Facebook (file photo)

On the 14th day of Russia’s invasion of Ukraine, Western countries have launched economic sanctions against Russia, prohibiting the sale of chips to Russia. It is predicted that Chinese chip factories will become the main supplier of Russia. The US Department of Commerce warned today that Chinese companies will be punished if they assist Russia. U.S. sanctions are severe.

U.S. Commerce Secretary Gina Raimondo said in an interview with The New York Times that China and Russia have strengthened trade ties in recent years, and China still expresses certain solidarity with Russia’s aggressive behavior. Russia will definitely seek channels to bypass the United States and Western countries. sanctions imposed.

She warned that if the U.S. side finds that any Chinese company continues to supply Russia, or other advanced technologies, such as SMIC selling chips to Russia, it will face severe U.S. sanctions.

Raimondo emphasized that if Chinese companies assist Russia, they will be blacklisted by the U.S. side and cut off China’s reliance on the United States. They will not be able to obtain the latest U.S. technology and equipment resources needed for their production. U.S.-sanctioned Chinese companies close their doors.

Western countries have launched economic sanctions against Russia, prohibiting the sale of chips to Russia. It is predicted that Chinese chip factories will become the main supplier of Russia. The US Department of Commerce warned today that Chinese companies will be severely sanctioned by the United States if they assist Russia.

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