The US has imposed sanctions on 24 Chinese companies–including the builders of Colombo Port City–making it illegal for American companies to export products to these entities without a Government licence.

In Colombo, the Chinese Embassy hit back at the latest move which also affects China Communications Construction Company (CCCC), the parent company of China Harbour Engineering Company, which is building the Colombo Port City and also constructed the Hambantota Port and the Mattala Rajapaksa International Airport.

“The Embassy does believe that normal business cooperation by licensed companies or individuals from China and Sri Lanka, two sovereign countries, will be affected by such unilateral and unjust sanctions from a third country,” said the Chinese Embassy’ Political Section Chief Luo Hong.

The sanctions targeted companies and individuals involved with constructions in the South China Sea, particularly the building of artificial islands as part of the One Belt, One Road initiative (OBOR). China has urged the US to “rectify its mistakes and immediately stop interfering in China’s internal affairs,” Mr Luo said.

http://www.sundaytimes.lk/200830/news/us-imposes-sanctions-on-colombo-port-city-builders-and-other-chinese-companies-414760.html