China Slams US for Adding Firms to Export Control List

Dark clouds loom over the city in Beijing on August 23, 2024. (Photo by ADEK BERRY / AFP)
Dark clouds loom over the city in Beijing on August 23, 2024. (Photo by ADEK BERRY / AFP)
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China Slams US for Adding Firms to Export Control List

Dark clouds loom over the city in Beijing on August 23, 2024. (Photo by ADEK BERRY / AFP)
Dark clouds loom over the city in Beijing on August 23, 2024. (Photo by ADEK BERRY / AFP)

China's Ministry of Commerce said on Sunday it strongly opposed a US decision to add multiple Chinese entities to its export control list over Russia-related issues.

The United States on Friday added 105 Russian and Chinese firms to a trade restriction list over their alleged support of the Russian military.

The companies - 42 Chinese, 63 Russian and 18 from other countries - were targeted for reasons from sending US electronics to Russian military-related parties to producing thousands of Shahed-136 drones for Russia to use in its invasion of Ukraine.

US suppliers must get difficult-to-obtain licenses in order to ship to companies on the "entity list,” as it is called.

China's ministry said the US action disrupts the international trade order and hinders normal economic exchanges, adding China would take necessary measures to resolutely safeguard the legitimate rights of its companies.



Egypt Central Bank Keeps Key Interest Rates Unchanged

A general view of Cairo skyline during sunset, with foggy cold weather around the country, Cairo, Egypt February 2, 2023. REUTERS/Amr Abdallah Dalsh/File Photo
A general view of Cairo skyline during sunset, with foggy cold weather around the country, Cairo, Egypt February 2, 2023. REUTERS/Amr Abdallah Dalsh/File Photo
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Egypt Central Bank Keeps Key Interest Rates Unchanged

A general view of Cairo skyline during sunset, with foggy cold weather around the country, Cairo, Egypt February 2, 2023. REUTERS/Amr Abdallah Dalsh/File Photo
A general view of Cairo skyline during sunset, with foggy cold weather around the country, Cairo, Egypt February 2, 2023. REUTERS/Amr Abdallah Dalsh/File Photo

Egypt's central bank kept its key interest rates unchanged on Thursday, it said in a statement.

The overnight lending rate remained at 28.25%, while the overnight deposit rate stood at 27.25%, the central bank said.