Sanctions Escalated! EU Names Chinese Companies on Russias Blacklist
On December 16, 2024, the EU Council adopted the 15th round of sanctions against Russia. These sanctions primarily target Russias military and industrial capabilities while penalizing third-country entities circumventing sanctions. The number and scope of Chinese enterprises and individuals mentioned have expanded, with many blacklisted for allegedly aiding Russia in bypassing sanctions. This impacts the international trade landscape, requiring Chinese enterprises to consider maintaining compliance and mitigating risks.