Beijing places sanctions on US arms companies Lockheed and Raytheon


Source: straitstimes.com straitstimes.com

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BEIJING (REUTERS) - China has placed US companies Lockheed Martin Corp and Raytheon Technologies Corp under sanctions over US arms sales to Taiwan, at least the third time it has announced punishments against the US companies. The sanctions are countermeasures against the two companies over a US$100 million (S$135 million) Feb 7 arms sale that "undermined China's security interests, seriously undermined China-US relations and peace and stability in the Taiwan Strait", foreign ministry spokesman Wang Wenbin said at a regular news briefing. Beijing says that the self-ruled island of Taiwan is a breakaway province that must be reunified with the...