Wednesday, October 8, 2025

Latest

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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

BMO: China’s Real Estate Market Poses Large Threat To Commodities

BMO Capital Markets recently released their fourth quarter commodity price update saying that the global...

Monday, October 11, 2021, 01:18:00 PM

The Great Oil Sale! Russia Sells Heavily Discounted Crude to India as Sanctions Bite

Russian President Vladimir Putin is offering substantial discounts on oil sales to India, as crippling...

Thursday, March 31, 2022, 05:37:00 PM

Apple Speeds Up Pulling iPhone Manufacturing Out Of China

Apple Inc (Nasdaq: AAPL) has hastened plans to relocate some of its manufacturing outside of...

Monday, December 5, 2022, 07:26:40 AM

China Opens Vast Commodities Markets Wider to Foreign Investors

China unveiled plans Tuesday to dramatically expand foreign access to its commodities markets, with the...

Wednesday, May 28, 2025, 12:58:00 PM

China Expands Rare Earth Controls, Now Regulating Imports

Chinese authorities expanded their grip on global rare earth supply chains Friday, imposing new restrictions...

Tuesday, August 26, 2025, 04:31:00 PM