Tag: #sanctions11 results
The US Treasury's OFAC released new guidance on 'sham transactions' and sanctions evasion, emphasizing a functional approach to identifying controlled entities. It warns that legal structures like trusts cannot hide beneficial ownership from US regulatory scrutiny.
The US has accused China of 'industrial-scale' theft of AI technology. China rejects the claims as 'slander.' Potential huge sanctions could disrupt the Trump-Xi summit.
US House Republicans are pushing for sanctions against Chinese entities improperly extracting results from leading US AI models. This aims to develop competing systems and counters China's advances in the global AI race. Congress is widening efforts to protect US AI leadership.
Huawei forecasts 2025 revenue at 8809 billion RMB, up 2.2%, recovering via diversified segments like surging smart auto solutions. Heavy R&D (20.8%) funds self-developed AI chips (Ascend), OS (HarmonyOS), and databases amid sanctions. Strategy focuses on China-centric AI compute, ecosystem, and intelligent driving moats.
The EU and UK have shifted their strategy by sanctioning the broader Russian cyber apparatus rather than just individual hackers. This move targets the intelligence services and infrastructure that facilitate state-sponsored cyber operations.
Reports indicate that Russian entities utilized a Cellebrite forensics platform to compromise an activist's phone despite the company having revoked their access. Cellebrite maintains that the hardware was legacy equipment predating current sanctions and was used without their authorization.
Organizers of a top US AI conference apologized after a policy barring US-sanctioned entities sparked backlash in China. Chinese professional bodies urged a boycott over fears of excluding Huawei. The conference clarified the ban was more limited than initially indicated.
State Council launches Orders 834 and 835 to safeguard supply chains and counter foreign extraterritorial measures. First blocking order issued against US SDN sanctions on 5 Chinese firms over Iran oil. Swift export controls retaliate against EU sanctions on Chinese dual-use chip suppliers to Russia.
The US-China 'tech race' is portrayed as unfair, with the US using sanctions, export controls, and diplomatic pressure to suppress China's technological rise rather than compete. This hegemony excludes the Global South from advanced tech access. Washington deliberately hampers China's ascent to maintain dominance.
Huawei's net profit rose 8.6% to 68 billion yuan in 2025, with revenue increasing 2.2% to 880.9 billion yuan. The company sustained steady recovery by intensifying chip development and smartphone efforts despite US sanctions.