May 19, 2022

China sanctions Raytheon, Lockheed over Taiwan deal

China sanctions Raytheon, Lockheed over Taiwan deal

China sanctions Raytheon, Lockheed over Taiwan deal

By Associated Press
February 21, 2022

TAIPEI, Taiwan — China said Monday it will impose new sanctions on U.S. defense contractors Raytheon Technologies and Lockheed Martin due to their arms sales to Taiwan, stepping up a feud with Washington over security and Beijing’s strategic ambitions.

Foreign Ministry spokesperson Wang Wenbin announced the move at a daily press briefing, citing a newly passed Anti-Foreign Sanctions Law that took effect in 2021. It was in response to a $100 million deal approved by the U.S. for maintenance of Taiwan’s missile defense systems by the two companies.

“China once again urges the U.S. government and relevant parties to … stop arms sales to Taiwan and sever military ties with Taiwan,” Wang said.

“China will continue to take all necessary measures to firmly safeguard its sovereignty and security interests in accordance with the development of the situation,” he said without giving any details.

Taiwan is a democratically self-governed island that communist-ruled China claims as its own territory. The two sides split amid civil war in 1949.

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