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IPFS News Link • Sanctions

China Sanctions CEOs Of Raytheon, Boeing Over Sales To Taiwan

• https://www.zerohedge.com by Cathy He

The sanctions were imposed on Gregory J. Hayes, CEO of Raytheon Technologies Corporation, and Theodore Colbert, CEO of Boeing Defense, Space and Security, for the involvement of their companies in the deal, Chinese Foreign Ministry spokesperson Mao Ning said at a regular briefing on Friday.

The move came after the State Department on Sept. 2 approved a potential $1.1 billion sale of military equipment to Taiwan. The package includes 60 anti-ship missiles and 100 air-to-air missiles, of which the principal contractors are Boeing Defense, a division of Boeing, and Raytheon, respectively.

Ning did not provide details on what the sanctions entailed or how they would be enforced. Previous sanctions on Western individuals have barred them from entering China or doing business there. Such restrictions are unlikely to significantly affect Hayes or Colbert.

The Chinese regime routinely reacts aggressively and punitively against U.S. measures in support of Taiwan, a self-ruled island that the regime considers to be its own and if necessary, to be taken by force. Taiwan, however, has never been ruled by the Chinese Communist Party and has been a separate entity for more than 70 years.


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