​China Opposes Recent US Sanctions for Chinese Firms, Criticiz | Crypto Shake

​China Opposes Recent US Sanctions for Chinese Firms, Criticizes ‘Long-Arm’ Jurisdiction Policies

The government of China protested the enactment of sanctions on a series of national companies by the U.S., barring them from doing business with U.S.-based entities for allegedly collaborating with Russia.

China’s Commerce Ministry criticized the move, saying it is a “typical form of long-arm jurisdiction,” which damages the rights and interests of these companies.

A statement from China’s Commerce Ministry accused the U.S. of overreaching with this move.