China's Sanctions on US Companies

China has imposed sanctions on seven US companies following Washington's approval of a $571.3 million military aid package to Taiwan. This decision was made in response to what Beijing perceives as an infringement on its "sovereignty and territory".

Background

• US President Joe Biden authorized the drawdown of up to $571.3 million for defense assistance to Taiwan.
• China regards Taiwan as its own territory and sees US actions as interference in its internal affairs.

Sanctioned Companies

• The targeted companies include: 
  1. Insitu
  2. Hudson Technologies
  3. Saronic Technologies
  4. Aerkomm
  5. Oceaneering International
  6. Raytheon's Canada and Australia subsidiaries
• Sanctions include freezing of China assets and prohibition of business with Chinese entities.

US-Taiwan Relations

• The US does not officially recognize Taiwan diplomatically but is its largest supplier of weapons.
• China has increased military pressure on Taiwan, conducting major drills since May.

China's Response

• Chinese foreign ministry criticized the US for undermining China's sovereignty.
• Spokeswoman Mao Ning warned that US support for Taiwan would have repercussions.
• China vows to take necessary measures to defend its interests.