The US has imposed sanctions on an Iranian individual as well as several companies over their alleged link to the Islamic Republic’s drone and military programs.
U.S. companies ordered to divest from defense, tech firms in China
07 Jun 2021, 14:16 GMT+10
WASHINGTON D.C.: Expanding the scope of a Trump-era order, President Joe Biden signed an executive order late last week banning U.S. entities from investing in Chinese companies with alleged ties to the defense or surveillance technology sectors, part of his broader series of steps to counter China.
The order prevents U.S. investment entities from supporting the Chinese military-industrial complex, as well as military, intelligence, and security research and development programs, according to the order.
The Treasury Department will enforce and update on a rolling basis the new list of some 59 Chinese companies, which bars buying or selling publicly traded securities in target companies, and replaces an earlier list from the Department of Defense, senior administration officials told reporters.
President Joe Biden signed an executive order on Thursday banning U.S. entities from investing in Chinese companies with alleged ties to the defense or surveillance technology sectors
India is engaged with American entities for procurement of COVID-19 vaccines from the US and their possible manufacturing in the country subsequently, the Ministry of External Affairs said on Thursday. Hit by a devastating second wave of the coronavirus pandemic, India has been focusing on ramping up domestic production of COVID-19 vaccines as well their procurement from abroad. We remain engaged with US entities on the prospect of procuring vaccines from the US and also perhaps manufacturing them in India subsequently, Spokesperson in the Ministry of External Affairs Arindam Bagchi said at a media briefing. This would augment our vaccine availability. Once this is available, whether it is through procurement or subsequent manufacturing, he said.