EU sanctions harm large Chinese businesses: details from the economist.

Several significant Chinese companies supplying components for drones to Russia have been included in the sanctions list. This indicates that China's claims of its non-involvement in the conflict in Russia are unfounded. This was stated by Oleg Pendzin, executive director of the Economic Discussion Club, in an interview for the FREEДОМ TV channel.

According to Pendzin, Europe has long threatened China with sanctions, and Chinese companies have already been included in the 15th sanctions package. However, this is the first Time it has happened with companies supplying drones to the Russian Federation.

These are large companies that supply drones and their components to Russia. For China, this is unpleasant since they actively trade with the European Union. The sanctions will significantly impact China's economy.

Pendzin also noted that trade turnover between China and the European Union amounts to 850 billion dollars a year, while with Russia it is only 220 billion dollars. Therefore, sanctions from Europe will significantly affect the Chinese economy.

In his interview, Pendzin added that China denies supplying military products to Russia, however, the facts indicate otherwise. European sanctions will negatively impact high-tech Chinese companies trading not only with the Russian Federation but also with the whole world, primarily with Europe.