U.S. provides CNOOC to black record, saying it helps China intimidate neighbors

HomeStock

U.S. provides CNOOC to black record, saying it helps China intimidate neighbors

Adds extra particulars WASHINGTON, Jan 14 (Reuters) - The U


Adds extra particulars

WASHINGTON, Jan 14 (Reuters)The U.S. Commerce Division stated Thursday it added Chinese language Nationwide Abroad Oil Company (CNOOC) to a U.S. financial blacklist, saying it had helped China intimidate neighbors within the South China Sea.

The Commerce Division additionally stated Chinese language firm Skyrizon was being added to the Army Finish-Person (MEU) Checklist for “its functionality to develop, produce or keep army gadgets, similar to army plane engines.”

The administration of President Donald Trump has ratcheted up pressure with China in his last weeks in workplace.

CNOOC and a authorized consultant of Skyrizon didn’t instantly reply to emailed requests for remark.

“China’s reckless and belligerent actions within the South China Sea and its aggressive push to accumulate delicate mental property and expertise for its militarization efforts are a risk to U.S. nationwide Safety and the safety of the worldwide neighborhood,” Commerce Secretary Wilbur Ross stated.

“CNOOC acts a bully for the Individuals’s Liberation Military to intimidate China’s neighbors, and the Chinese language army continues to learn from authorities civil-military fusion insurance policies for malign functions,” he stated.

The Commerce Division stated China had been quickly constructing synthetic islands since 2013 “enabling the Communist Chinese language Get together’s militarization of disputed outposts within the South China Sea to undermine the sovereign rights of U.S. companions within the area.”

It stated CNOOC has “repeatedly harassed and threatened offshore oil and fuel exploration and extraction within the South China Sea, with the purpose of driving up the political threat for international companions, together with Vietnam.”

Ross stated Skyrizon “A Chinese language state-owned firm—and its push to accumulate and indigenize international army applied sciences pose a big risk to U.S. nationwide safety and international coverage pursuits.”

(Reporting by David Shepardson Modifying by Chizu Nomiyama)

(([email protected]; 2028988324;))

The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.



www.nasdaq.com