Blacklist Bonanza: Sanctions Against Chinese Companies Hit Record High
In Q2 2024, Western governments blacklisted a record 198 Chinese entities. Looking ahead, sanctions are likely to remain a key risk for global investors as scrutiny of Chinese companies expands into new areas.
In Q2 2024, Western governments blacklisted a record 198 Chinese entities driven by concerns about sustaining Russia’s war in Ukraine, contributing to China’s military modernization, supporting Iran and the Houthis, and facilitating forced labor practices. Looking ahead, sanctions are likely to remain a key risk for global investors as scrutiny of Chinese companies expands into new areas.
As in previous quarters, the US government was the main driver of blacklisting activity, adding 174 entities to sanctions and red-flag lists (88% of the total). However, other Western governments have become important actors as well in 2024. In Q2 2024, the EU and the UK sanctioned 24 entities, accounting for 12% of new blacklisting activity.
Blacklist Bonanza: Sanctions Against Chinese Companies Hit Record High
In Q2 2024, Western governments blacklisted a record 198 Chinese entities. Looking ahead, sanctions are likely to remain a key risk for global investors as scrutiny of Chinese companies expands into new areas.
Read on the MPER website