Habeck urges China to stop circumventing EU sanctions on Russia
by Bloomberg Jun 24, 2024
German Vice Chancellor Robert Habeck called on China to stop diverting exports of European goods to Russia that could be used in the war on Ukraine.
The EU won’t accept the circumvention of sanctions imposed on Russia, Habeck told reporters in Shanghai after talks with Chinese Trade Minister Wang Wentao and industry and technology minister Jin Zhuanglong in Beijing.
“If products that are used in the military complex would no longer be imported from China, this would also help the economic relationship between our two countries,” Germany’s economy and climate minister added.
Habeck pointed out that China’s trade with Russia increased by more than 40% last year and that only a little more than half of this increase was due to energy, with the rest made up by so-called dual-use goods.
He raised the issue in talks with Chinese government officials after they complained that Germany was making it more difficult for Chinese investment in the tech sector and also imposing stricter controls on exports of critical products like dual-use goods, the vice chancellor said.
Habeck spoke with them about issues of energy cooperation, human rights and a level playing field in the area of trade. He didn’t comment on their response to the tariffs levied on imports of Chinese electric vehicles.
Bloomberg
© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).
Similar Stories
December 2024 U.S. Transportation Sector Unemployment (4.3%) Was the Same As the December 2023 Level (4.3%) And Above the Pre-Pandemic December 2019 Level (2.8%)
View ArticleDP World appoints Jason Haith as Vice President of Freight Forwarding for U.S. and Mexico
DP World, a global leader in logistics and supply chain solutions, has announced the appointment of Jason Haith as Vice President, Commercial Freight Forwarding – U.S. and Mexico, effective immediately.…
View Article
Amaero secures final approval for $23.5M loan from Export-Import Bank
View ArticleU.S. Bureau of Labor Statistics employment situation
Total nonfarm payroll employment increased by 256,000 in December, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment trended up in…
View ArticleImport Cargo to remain elevated in January
A potential strike at East Coast and Gulf Coast ports has been avoided with the announcement of a tentative labor agreement, but the nation’s major container ports have already seen…
View ArticleS&P Global: 2025 U.S. transportation infrastructure sector should see generally steady demand and growth
S&P Global Ratings today said it expects activity in the U.S. transportation sector will continue to normalize in 2025, with growth rates for most modes of transportation slowing to levels…
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
