US adds Chinese oil giant to economic blacklist, Skyrizon to Military End-User list
The US has added Chinese National Overseas Oil Corporation (CNOOC) to its economic blacklist for helping China in intimidating its neighbours in the South China Sea. The United States on January 14, 2021 added Chinese oil giant- Chinese National Overseas Oil Corporation (CNOOC)- to its economic blacklist for helping China in intimidating its neighbours in the South China Sea. The United States has also added Chinese company Skyrizon to its Military End-User (MEU) List due to its capability to develop, produce or maintain military items such as military aircraft engines. The information was shared by US Commerce Secretary Wilbur Ross who stated that both the companies have threatened US national security. Ross said that "China's reckless and belligerent actions in the South China Sea and its aggressive push to acquire sensitive intellectual property and technology for its militarization efforts are a threat to US national security and the security of the international ...