In a bold move to reinforce its countermeasures against external pressures, the Chinese mainland has unveiled a regulation aimed at tightening the enforcement of its anti-foreign sanctions law. Chinese Premier Li Qiang signed the State Council decree, which comprises 22 detailed articles set to take effect on Monday.
The new regulation outlines a series of measures including the seizure, detention, and freezing of various assets, as well as the restriction of transactions and cooperative activities that are prohibited or limited under the law. It also introduces refined procedures to ensure that countermeasures are applied consistently, while enhancing coordination among multiple departments under the State Council.
Moreover, the regulation provides a channel for organizations and individuals affected by the measures to request a suspension, modification, or cancellation if they take corrective actions to mitigate adverse consequences. This development marks a significant step in streamlining enforcement and ensuring that remedial avenues are available to those willing to adjust their actions.
Reference(s):
China unveils regulation on implementing anti-foreign sanctions law
cgtn.com
