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

SSR Mining Walks Away From a World Class Gold-Copper Project

Why More Canadians Are Starting to Think About Leaving | Jesse Day

Instead of Waiting, This Gold Developer Went Bigger | Kenneth McLeod – Sonoro Gold

Recommended

Nord Drills 61,389 g/t Silver Over 0.30 Metres at Castle East

Mercado Minerals Targets District Scale Silver Play With San Dimas Land Grab

Related News

Mercedes Benz Cuts Production at Sindelfingen Plant Amid Supply Chain Chaos

Luxury carmaker Mercedes Benz has been forced to scale back working hours for some of...

Wednesday, March 23, 2022, 11:58:00 AM

Russia To Ban Oil Exports Beginning March 1

Russia will begin a six-month ban on petrol exports starting March 1. This decision, sanctioned...

Thursday, February 29, 2024, 03:04:00 PM

Scholz Says Germany Needs to “Deport People More Often and Faster”

In a recent interview with German magazine Der Spiegel, Chancellor Olaf Scholz announced a new...

Tuesday, October 24, 2023, 06:18:00 AM

Trump Wants Aid-for-Minerals Deal With Ukraine

President Donald Trump has proposed exchanging US aid to Ukraine for access to its rare...

Tuesday, February 4, 2025, 03:40:00 PM

German Spy Agency Believed COVID-19 Likely Leaked from Chinese Lab, Media Reports

Germany’s foreign intelligence service concluded with 80-90% confidence that the coronavirus pandemic likely originated from...

Friday, March 14, 2025, 03:54:00 PM