US sanctions Chinese tech firm for doing business with ‘illegitimate Maduro regime’ in Venezuela

The US has hit Chinese

The US has hit Chinese tech company China National Electronics Import & Export Corporation with “Venezuela-related sanctions,” according to the Treasury Department, which issued a license authorizing a winddown of transactions.

The Treasury announced the new sanctions on Monday, without specifying what provoked the measures on the state-owned enterprise. CEIEC trades in a high volume of electronics, including equipment used for military and construction purposes.

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