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EU prepares sanctions on Chinese and Indian companies over Russia links

Curbs aimed at hitting Moscow’s war machine would be first time bloc has targeted entities in two big trading partners

Brussels is proposing to impose sanctions on three Chinese companies and one Indian business as part of its latest measures to damage Russia’s war machine.

If member states approve the plan, it would be the first time businesses in mainland China and India have been hit by EU sanctions.

The companies, along with one in Hong Kong, are among 21 newly listed entities in a European Commission document seen by the Financial Times. They cannot be named for legal reasons. The news was first reported by Bloomberg.

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