Salem Radio Network News Friday, October 7, 2022

Business

China plans sanctions on CEOs of Boeing Defense, Raytheon over Taiwan sales

BEIJING (Reuters) -China will impose sanctions on the CEOs of Boeing Defense and Raytheon over their involvement in Washington’s latest arms sales to Taiwan, a foreign ministry spokesperson said on Friday.

The sanctions on Boeing Defense, Space, and Security CEO Ted Colbert and Raytheon Technologies Corp boss Gregory Hayes are in response to the U.S. State Department on Sept. 2 approving the sale of military equipment to Taiwan.

Those sales include 60 anti-ship missiles and 100 air-to-air missiles, of which the respective principal contractors are Boeing Defense, a division of Boeing, and Raytheon.

Colbert and Hayes will be sanctioned “in order to protect China’s sovereignty and security interests” said foreign ministry spokesperson Mao Ning citing “their involvement in these arms sales”.

Mao did not elaborate on what the sanctions would entail or on how they would be enforced.

“The Chinese side once again urges the U.S. government and relevant entities to…stop selling arms to Taiwan and U.S.-Taiwan military contacts.”

The Pentagon announced the package in the wake of China’s aggressive military drills around Taiwan following a visit last month by U.S. House of Representatives Speaker Nancy Pelosi, the highest-ranking U.S. official to travel to Taipei in years.

China has previously sanctioned Raytheon, Boeing Defense, and unspecified individuals involved in arms sales to Taiwan.

Friday’s announcement marks the first time Beijing identified and imposed sanctions against individuals from these companies.

Beijing considers the self-ruled island of Taiwan a wayward province it has vowed to bring under control, by force if necessary.

Taiwan rejects China’s sovereignty claims, saying only its people can decide their future, and vows to defend itself if attacked.

(Reporting by Eduardo Baptista; editing by Jason Neely)

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