BEIJING (Reuters) – China's Wuhan Tianyu Information Industry said on Sunday that placing it on a sanctions list by the United States was a “unilateral” act that could affect the data security firm's currency dealings.
The US Treasury Department on Wednesday expanded sanctions aimed at curbing Russian war production in response to Moscow's invasion of Ukraine, targeting third-party entities, including dozens of electronics suppliers in China.
The reason and details of its inclusion on the US list of “specially designated nationals” have not been verified, and the company will actively communicate with all parties as soon as possible in the hope of obtaining a “fair and equitable,” Tianyu said in a filing with the Shenzhen Stock Exchange.
“Trade between (Tianyu) and its foreign customers are normal business transactions, and the company has strictly complied with relevant international laws, regulations and trade practices,” he said.
Tianyu has not established any subsidiaries or branches in the US, nor does it have assets or conduct business there, the company said, adding that it will take “effective” measures to safeguard the interests of relevant parties.
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