China has introduced comprehensive regulations to enforce its Anti-Foreign Sanctions Law, signaling a robust response to external geopolitical pressures. Chinese Premier Li Qiang formally enacted the 22-article State Council decree on June 17, 2024, with immediate effect.
The regulation empowers authorities to escalate countermeasures against entities complying with foreign sanctions deemed detrimental to Chinese interests. Key mechanisms include asset freezes, transaction restrictions, and enhanced interdepartmental coordination under the State Council.
Notably, the framework introduces enforcement teeth: non-compliant organizations face mandatory corrective orders and operational limitations. However, it also establishes appeal pathways, allowing parties that address violations and mitigate harm to request adjustments to imposed measures.
Legal analysts suggest this move strengthens China's defensive toolkit amid intensifying global trade tensions. The regulation's explicit reference to 'other necessary measures' leaves room for adaptive responses to evolving international challenges.
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China unveils regulation on implementing anti-foreign sanctions law
cgtn.com