US Sanctions a Chinese Tech Company for Helping Venezuela to Suppress Dissents
The U.S. Treasury Department announced sanctions against on a Chinese technology company on Monday (November 30), accusing the company of helping Venezuelan President Maduro to undermine democracy. On the other side, the Chinese Foreign Affairs Ministry spokesperson Hua Chunying said at a regular press conference on Tuesday (December 1) that U.S. action was simply an excuse to suppress the Venezuelan and related Chinese firms.
The Treasury Department has frozen the assets of China National Electronics Import & Export Corporation (CEIEC) in U.S., restricting America companies from conducting business with it, but allows a buffer period for U.S firms and individuals to wind-down pre-existing business with CEIEC until 14 January. The Treasury Department has also frozen assets of any company in which CEIEC holds more than 50% of shares.
A statement from the Treasury Department indicates that CEIEC is a “commercial version of Beijing firewall”, providing specialized technology to block the live streams of independent media and the opposition leader Juan Guaido. The statement also pointed out that CEIEC supports Maduro government in restricting internet services, conducting digital surveillance and cyber operation to target political dissident.
#China #Venezuela #US #America #CEIEC #TreasuryDepartment #HuaChunying #Maduro #JuanGuaido #PressFreedom #Trading #AssetsFreezing
Source: Apple Daily #Dec01
https://hk.appledaily.com/international/20201201/APVAZ3AKQFDLBAC3ZVJQ2QH5HU/
The U.S. Treasury Department announced sanctions against on a Chinese technology company on Monday (November 30), accusing the company of helping Venezuelan President Maduro to undermine democracy. On the other side, the Chinese Foreign Affairs Ministry spokesperson Hua Chunying said at a regular press conference on Tuesday (December 1) that U.S. action was simply an excuse to suppress the Venezuelan and related Chinese firms.
The Treasury Department has frozen the assets of China National Electronics Import & Export Corporation (CEIEC) in U.S., restricting America companies from conducting business with it, but allows a buffer period for U.S firms and individuals to wind-down pre-existing business with CEIEC until 14 January. The Treasury Department has also frozen assets of any company in which CEIEC holds more than 50% of shares.
A statement from the Treasury Department indicates that CEIEC is a “commercial version of Beijing firewall”, providing specialized technology to block the live streams of independent media and the opposition leader Juan Guaido. The statement also pointed out that CEIEC supports Maduro government in restricting internet services, conducting digital surveillance and cyber operation to target political dissident.
#China #Venezuela #US #America #CEIEC #TreasuryDepartment #HuaChunying #Maduro #JuanGuaido #PressFreedom #Trading #AssetsFreezing
Source: Apple Daily #Dec01
https://hk.appledaily.com/international/20201201/APVAZ3AKQFDLBAC3ZVJQ2QH5HU/