US adds 37 Chinese, Russian entities to trade blacklist
(VOVWORLD) - The US has added 37 companies to a trade blacklist, including units of Chinese genetics company BGI and Chinese cloud computing firm Inspur.
The US Department of Commerce added BGI Research and BGI Tech Solutions (Hongkong) to the list over allegations the units pose a “significant risk” of contributing to Chinese government surveillance.
The additions included several entities the Department said were supplying or attempting to supply a sanctioned entity in Iran and three firms in Russia, Belarus and Chinese Taipei that were contributing to Moscow’s military.
Assistant Secretary of Commerce Thea Kendler said that entities that pose a national security or foreign policy concern for the United States are identified and added to the Entity List to ensure their transactions are scrutinized.