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China's biggest action on US, imposes sanctions on Lockheed Martin over Taiwan arms sales

China is set to freeze all assets, both movable and immovable, belonging to Lockheed Martin's senior executives, including chairman James Donald Taiclet, and prohibit their entry into the country.

Edited By: Ajeet Kumar @Ajeet1994 Beijing Updated on: June 21, 2024 19:03 IST
US President Joe Biden
Image Source : AP US President Joe Biden

China has imposed sanctions against some Lockheed Martin Corp subsidiaries and senior executives over US arms sales to Taiwan, China's foreign ministry said in a statement. China will freeze movable, immovable and other kinds of property of Lockheed Martin's senior executives including its chairman James Donald Taiclet, and will bar them from entering the country, the statement on Friday said.

The companies on the sanction list include Lockheed Martin Missile System Integration Lab, Lockheed Martin Advanced Technology Laboratories and Lockheed Martin Ventures, according to the statement. China has repeatedly called on the US, an important international backer and arms supplier for democratically-governed Taiwan, which Beijing claims as part of its territory, to stop its arms sales to the island.

Beijing has applied sanctions on US companies including Lockheed Martin on numerous occasions for selling arms to Taiwan.

In September last year, China said it would impose sanctions against Lockheed and Northrop Grumman under China's Anti-Foreign Sanctions Law. It also placed sanctions against Lockheed and Raytheon in 2019, 2020, 2022 and 2023 - with the 2022 action the first under China's new anti-foreign sanctions law.

China's wide-ranging law to counter foreign sanctions came into force in 2021 in an apparent move to legalise tit-for-tat retaliation against punitive actions taken against it by foreign countries.

(With inputs from agency)

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