BEIJING (Reuters) – China’s Wuhan Tianyu Information Industry said on Sunday the U.S. sanctions list was a “unilateral” act that could affect the data security company’s currency settlements.
The U.S. Treasury Department on Wednesday expanded sanctions aimed at curbing Russian military production in response to Moscow’s invasion of Ukraine, targeting third parties including dozens of electronics suppliers in China.
The reason and details of its inclusion on the US “Specially Designated Nationals” list have not been verified, and the company will actively communicate with all parties as soon as possible in hopes of obtaining a “fair and equitable” resolution, Tianyu said in a filing with the Shenzhen Stock Exchange.
“Trade between (Tianyu) and its overseas customers is normal business transactions, and the company strictly complies with relevant laws, regulations and international business practices,” it said.
Tianyu has not established any subsidiaries or affiliates in the United States, has no assets there and does not conduct any business there, the company said, adding that it will take “effective” measures to protect the interests of relevant parties.