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China sanctions the CEOs of Boeing Defense and Raytheon
According to a spokeswoman for the Chinese foreign ministry, China has issued sanctions against the CEOs of Boeing Defense and Raytheon for their participation in Washington’s most recent arms sales to Taiwan.
The US State Department’s approval of the sale of military equipment to Taiwan for $1.1 billion earlier this month prompted the announcement of penalties on Friday against Ted Colbert, CEO of Boeing Defense, Space, and Security, and Gregory Hayes, CEO of Raytheon Technologies Corp.
60 anti-ship missiles and 100 air-to-air missiles are included in the deals, and their respective major contractors are Raytheon and Boeing Defense, a branch of Boeing.
According to Mao Ning, a spokesman for the foreign ministry, Colbert and Hayes will face sanctions “to defend China’s sovereignty and security interests,” citing “their involvement in these arms deals.”
Mao did not go into detail about the specifics of the sanctions or how the CEOs would be subjected to them.
The US government and pertinent organizations are once more urged by the Chinese side to “… halt arming Taiwan and US-Taiwan military contacts.”
After Nancy Pelosi, the speaker of the US House of Representatives, visited Taipei last month—the highest-ranking US official to visit the island in years—and in response to China’s aggressive military exercises near Taiwan, the Pentagon unveiled the package.
China imposed sanctions on Raytheon and Lockheed Martin in February as a result of the reported sale of Patriot missile upgrades worth $100 million to Taiwan.
According to China’s Anti-Foreign Sanctions Law, people can be denied visas, have their assets seized and frozen, be deported, and face additional penalties. This was according to the state-run Global Times newspaper in China.
The Chinese govt is set to impose sanctions on Gregory Hayes, CEO and chairman of #Raytheon Technologies, and Ted Colbert, #Boeing Defense, Space and Security president and CEO, following recent #US arms sales to China’s #Taiwan region, Chinese FM said. https://www.bolnews.com/world/2022/09/china-sanctions-the-ceos-of-boeing-defense-and-raytheon/amp/ pic.twitter.com/1dLd7dloyA
— Global Times (@globaltimesnews) September 16, 2022
Beijing has now identified and enforced sanctions on individuals from these companies for the first time since the announcement.
Taiwan is a self-governing island that Beijing views as an out-of-control province that it has vowed to rein in, using force if necessary.
Taiwan denies China’s claims of sovereignty, claiming that only its citizens have the power to determine their future, and it promises to defend itself if invaded.
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