US Lawmakers Introduce Bipartisan Bill to Sanction Chinese Firms Aiding Russia

US lawmakers on Wednesday introduced a new bill aimed at imposing sanctions on any Chinese military firms that provide material support to Russia. 

The “No Limits Act,” introduced by Republican Representative Mike Gallagher (WI) and sponsored by Representatives Jared Golden (D-ME), John Moolenaar (R-MI), and Jimmy Panetta (D-CA), would give Chinese military firms identified by the US government 180 days to withdraw from the Russian market or face full blocking sanctions.

The bill comes amid growing concern in Washington over the volume of Chinese military-related goods flowing into Russia, which the State Department says is helping prop up Moscow’s economy and arming Russian forces in Ukraine.

“Any company aiding and abetting the horrors in Ukraine – as the Chinese defense industrial complex has done — deserves to experience the full force of American sanctions,” said Gallagher, the outgoing chairman of the House Select Committee on the Chinese Communist Party.

The legislation would also grant the US president broader authority to sanction Chinese firms involved in military modernization efforts, going beyond the current focus on human rights violations. It would also direct the Department of Defense to identify export-controlled technologies most at risk of diversion through the PRC and impose a new, stronger, country-wide control on the technology. It would mandate the Commerce Department to deny an export license.

Incoming committee chairman Moolenaar said the bill would “increase sanctions on military firms in China that partner with Russia” and make it more difficult for the two authoritarian powers to work together against American interests.

Golden emphasized that the bill is designed to ensure consequences for China enabling Russia’s “dangerous behavior” in Ukraine.

The bill is one of the many introduced related to or targeting China in recent years. While few make it to the final phase and become law, skepticism toward China and its actions on the global stage is one of the few issues that the two parties appear to agree on.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Is This the End of the Gold and Silver Rally? | Peter Grandich

Why Gold And Silver Stay High Even After Rate Cuts | Todd Bubba Horwitz

Moon River Moly: The Davidson Moly-Copper-Tungsten PEA

Recommended

Total Metals Launches 5,500 Metre Drill Program At ElectroLode Property

Mercado Minerals Launches Two Phase Geophysical Program At Copalito Project

Related News

Liberal Party Proposes Granting Itself Power to Sell Assets of Sanctioned Russians

The Liberal government has tabled a new proposal that, if passed, would grant it the...

Sunday, May 1, 2022, 11:10:00 AM

Alexei Navalny’s Widow Calls For EU To Reject Russian Visa Ban

EU members have been considering stricter tourist visa rules following increased Russian applications over the...

Thursday, September 11, 2025, 12:04:00 PM

Beijing Implements Strict Trading Ban on Institutional Investors to Curb Market Declines

China is implementing what could be its most aggressive restriction yet in its struggle to...

Thursday, February 22, 2024, 12:34:00 PM

Ukraine’s Deputy PM Asserts Strikes on Russian Refineries Are Fair Game Despite US Warnings

Ukraine’s Deputy Prime Minister for European and Euro-Atlantic Integration Olga Stefanishina made a bold declaration...

Friday, March 22, 2024, 11:48:00 AM

China Bull Mark Mobius: “I can’t get my money out.”

Mark Mobius says he “can’t get his money out” but Chinese regulator says “there was...

Tuesday, March 7, 2023, 12:40:00 PM