China on Thursday put Lockheed Martin Corp and Raytheon Technologies Corp on an 'unreliable entities list' over arms sales to Taiwan, banning them from imports and exports related to China in its latest sanctions against the two U.S. companies.
It is not clear how China would enforce such fines, which it said must be paid within 15 days.
Last February, China sanctioned the two firms over a $100 million arms sale to Taiwan, a self-ruled island which Beijing views as a breakaway province. On at least two previous occasions China has announced sanctions against Lockheed and Raytheon, in 2019 and 2020, though Beijing has not explained what those sanctions entailed or how they were enforced.
The United States does not sell weapons to China. However, the United States is bound by the 1979 Taiwan Relations Act to provide Taiwan with the means to defend itself, and U.S. weapons sales always attract China's anger.
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