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  • 1 year ago
The U.S. has imposed sanctions on two Chinese drone suppliers and their Russian partners for supplying complete weapons systems to Moscow. This marks the first time Chinese companies were penalized for arms-related involvement in Russia’s war against Ukraine. The Treasury Department accused the companies of producing and shipping long-range drones used by Russia in the conflict. China denied the accusations, asserting that it manages military exports responsibly.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02The US has imposed sanctions on two Chinese drone suppliers and their Russian partners
00:06for supplying complete weapons systems to Moscow.
00:09This marks the first time Chinese companies were penalized for arms-related involvement
00:13in Russia's war against Ukraine.
00:16The Treasury Department accused the companies of producing and shipping long-range drones
00:20used by Russia in the conflict.
00:22China denied the accusations, asserting that it manages military exports responsibly.
00:27For all things money, visit Benzinga.com slash GSTV.
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