US Hits Chinese Company Over Venezuela Internet Curbs
The United States on Monday imposed sanctions on a major Chinese electronics and engineering company for assisting Venezuela in curbing dissent on the internet
Washington, (APP - UrduPoint / Pakistan Point News - 30th Nov, 2020 ) :The United States on Monday imposed sanctions on a major Chinese electronics and engineering company for assisting Venezuela in curbing dissent on the internet.
The US said it was restricting transactions with the China National Electronics Import and Export Corporation (CEIEC) and blocking assets of any firm in which the state-owned company holds 50 percent stake or higher.
The Treasury Department said CEIEC provides expertise to Venezuela's state-owned telecom company, which has blocked independent media as well as livestreams by opposition leader Juan Guaido, who is recognized as interim president by most Western and Latin American nations.
"The United States will not hesitate to target anyone helping to suppress the democratic will of the Venezuelan people and others around the world," Treasury Secretary Steven Mnuchin said in a statement.
The Treasury Department described CEIEC as offering a "commercialized version of Beijing's 'Great Firewall,'" the communist power's sweeping filter that scrubs out politically sensitive material from the internet accessible to ordinary people.
China is a major supporter and commercial partner of oil-producing Venezuela, helping leftist leader Nicolas Maduro survive a nearly two-year, US-led campaign to topple him as he leads an economy in shambles.
The Treasury Department said CEIEC has more than 200 subsidiaries and offices around the world. Monday's decision allows a 45-day grace period for the company's partners to wind down operations or face US punishment.