US Adds Over 100 Chinese, Russian Companies To Military List

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(Bloomberg) – The US Department of Commerce has added more than 100 Chinese and Russian companies to a new list of companies it says have ties to their country’s militaries, a move that will significantly reduce certain types of exports .

The list of 58 Chinese and 45 Russian companies means that anyone looking to sell items that could potentially be used for military purposes to these companies will need a license, the Commerce Department said in a statement on Monday.

Among the biggest names were seven subsidiaries of Aviation Industry Corp. of China Ltd. and the Russian Foreign Intelligence Service, or SVR, which was involved in a recent cyberattack on US federal agencies and businesses.

“The Department recognizes the importance of leveraging its partnerships with US and global businesses to combat efforts by China and Russia to divert US technology for their destabilizing military programs,” Commerce Secretary Wilbur said Ross in the press release.

The move comes amid the continued erosion of US-China relations during the US presidential transition, as President Donald Trump steps up actions targeting Beijing on issues ranging from tightening control over Hong Kong to treating Muslim minorities 5G technology exports.

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That push has included a closer look at companies that the United States says are owned or controlled by the Chinese military. Earlier this year, the administration listed 31 Chinese companies as linked to the People’s Liberation Army. These companies included Huawei Technologies Co. and Hangzhou Hikvision Digital Technology Co., as well as a number of state-owned enterprises.

© 2020 Bloomberg L.P.

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