European Union is proposing sanctions on Chinese firms aiding Russian invasion of Ukraine

Bloomberg carry the report.

The news was out earlier, in brief:

• The European Union has proposed for the first time to target Chinese companies and individuals with visa bans and asset freezes over their dealings with Russian firms linked to Moscow’s war effort in Ukraine, according to RFE/RL.
• The new measures, which are laid out in a draft proposal reviewed by RFE/RL, are part of a proposed 15th sanctions package recently put forward by Brussels that aims to target six China-based companies with asset freezes and one Chinese citizen with a visa ban, among other entities.

Source, and more, here.

Thick as thieves

This article was written by Eamonn Sheridan at www.forexlive.com.