EU to Lift Sanctions on Chinese Firm in Deal With Beijing Over ASML Supplier
9 Articles
9 Articles
EU to Lift Sanctions on Chinese Firm in Deal With Beijing Over ASML Supplier
The European Union is preparing to lift trade restrictions on an unnamed Chinese company accused of helping Russia’s war against Ukraine as part of a deal with Beijing aimed at protecting a key supplier to ASML Holding NV, Bloomberg reported on October 14.
EU Set to Lift Sanction on Chinese Firm to Save ASML Supplier
The EU is in talks with China to ease sanctions against the German company Sindlhauser Materials, several anonymous sources told news agency Bloomberg. That relatively small company, which manufactures high-performance coatings among other things, is a major supplier to ASML but has been barred by China from deliveries of rare earth metals.
The European Union is holding talks with China to obtain an exemption from sanctions that threaten the survival of the German company Sindlhauser Materials, insiders familiar with the negotiations told news agency Bloomberg. The company is a key supplier to the Dutch chip machine manufacturer ASML.
The European Union is prepared to lift the sanctions imposed on a Chinese company for assisting Russia's war machine.
BRUSSELS (ANP) - The European Union is in talks with China to be exempted from sanctions that threaten the survival of the German company Sindlhauser Materials. This is what insiders familiar with the negotiations against the Bloomberg news agency say. The company is an important to...
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