EU Considers Sanctions on Chinese, Indian Firms Over Russia Ties

Chinese and Indian Companies Face Possible Sanctions for Ties to Russia

According to reports, Chinese and Indian companies may soon be hit with sanctions due to their connections with Russia. The European Union is currently weighing the possibility of imposing sanctions on three Chinese companies for their support of Russia, while also evaluating firms based in Hong Kong, India, Serbia, and Turkey. Should this initiative come to fruition, it would be the first time the bloc places sanctions on businesses from China and India since Russia’s invasion of Ukraine.